Banque du Liban

Maroun Khater: 'Defusing the Cheques Time Bomb'

Liliane Mokbel, 2024-10-11 11:05 - Reading : 3 minute(s)

ABL Banks Banque du Liban Central Bank of Lebanon

In its meeting on October 9, 2024, the Central Council of Banque du Liban (BDL) amended main circular No. 166, extending its benefits to depositors who converted their funds from Lebanese pounds to foreign currencies after October 30, 2019. The council also updated main circular No. 147, requiring banks to return outstanding or circulating bank ...

ABL Meets with Mansouri

This is Beirut, 2024-10-08 19:35 - Reading : less than a minute

ABL Banks Banque du Liban Central Bank of Lebanon

The Board of Directors of the Association des Banques du Liban (ABL) met with the First Deputy Governor of the Banque du Liban (BDL), Wassim Mansouri, in the presence of his deputies, to discuss the situation of the banking sector in light of the difficult circumstances facing the country. Participants stressed the need to continue providing ...

BDL and Government Prioritize Palliative Solutions

Liliane Mokbel, 2024-09-26 20:20 - Reading : 2 minute(s)

Banque du Liban

In the aftermath of an absurd war, presented as support for Gaza, the Banque du Liban (BDL) and the Lebanese government have once again been compelled to rely on palliative solutions in the absence of more radical alternatives. In a memo signed by BDL Acting Governor Wassim Mansouri, banks have been instructed to provide beneficiaries of ...

Mansouri at the UBA Forum: 'We're Working Hard to Avoid the Grey List'

This Is Beirut, 2024-08-22 16:24 - Reading : 3 minute(s)

Banque du Liban

Wassim Mansouri, the first vice-governor of Banque du Liban (BDL), said on Thursday that “Banque du Liban is working to establish a state of stability pending major solutions that require the action of political forces," and he emphasized that “we are still working hard to prevent Lebanon from being included on the FATF's grey list.” In a ...

EDL: Fees Abolished or Reduced

This Is Beirut, 2024-02-06 15:42 - Reading : 1 minute(s)

Banque du Liban

Électricité du Liban (EDL) announced on Tuesday that certain charges have been abolished or reduced, based on decisions taken by its Board of Directors following approval by the relevant ministerial authorities. These amendments will be reflected in electricity bills issued from May 2023 onwards, with printing starting next week, according to a ...

ABL: To Safeguard Depositors' Rights

This Is Beirut, 2024-01-23 18:58 - Reading : less than a minute

ABL Banque du Liban

The Association of Banks in Lebanon (ABL) is working to guarantee depositors' rights in the short term while awaiting definitive solutions, it said in a statement issued on Tuesday, following a meeting between its board of directors and Banque du Liban's Interim Governor Wassim Mansouri and deputy governors. They discussed the best possible ...

Navigating Dollar Fluctuations: Avoiding Overreliance

Liliane Mokbel, 2024-01-17 22:43 - Reading : 3 minute(s)

Banque du Liban

Initiating an adjustment of the dollar exchange rate at 89,500 Lebanese pounds before transitioning to a floating exchange rate regime is a prudent and essential measure. While standardizing the exchange rate is vital for economic revitalization, a key question remains: Does this imply a floating system, where the dollar-to-pound exchange rate is ...

Sayrafa Rate at LBP 89,500

This Is Beirut, 2023-12-18 23:10 - Reading : less than a minute

Banque du Liban

According to multiple sources, the Banque du Liban (BDL) has reportedly decided to raise the rate of the Sayrafa platform from LBP 85,500 to the dollar to LBP 89,500, effective Monday. This rate had remained unchanged for several months. Although the BDL has not yet issued an official statement, it is said to have informed banking institutions of ...

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