Nicolas Sbeih, 2023-12-27 19:40 - Reading : 5 minute(s)
For the past four years, this somewhat recurrent idle tune has echoed in nearly every opinion, critique and analysis regarding the performance of banks at the outset of the economic crisis. According to these endless rantings, the banks allegedly transferred massive sums of money abroad for a select few privileged individuals, while denying the ...
2023-12-07 09:30 - Reading : 2 minute(s)
The Acting Governor of the Lebanese Central Bank (BDL), Wassim Mansouri, stated that, as far as he is concerned, Circular 151 is obsolete. This circular determines the exchange rate for one dollar at 15,000 Lebanese pounds and sets a monthly withdrawal limit of $1,600, which is equivalent to 24 million Lebanese pounds. Circular 151 initially set ...
This Is Beirut, 2023-12-05 20:37 - Reading : less than a minute
Lawyers for 11 Lebanese banks filed a memorandum on Tuesday, calling on the Ministry of Finance to compel the Lebanese State to immediately pay the Central Bank (BDL) the sums it owes. The banks are taking this action because they are BDL creditors and are wronged by its inability to demand repayment of the Lebanese State's debts. The State must ...
Antoine Menassa, 2023-12-04 17:06 - Reading : 2 minute(s)
We are currently witnessing unhealthy and, in any case, illegal attempts to cover the debts of Lebanon’s Central Bank (BDL). Unhealthy, because by adopting a balancing act, an attempt is being made to unjustly designate a scapegoat to bear the burden of the State's obligations to BDL, which amount to $72 billion... How? By highlighting the ...