This is Beirut - Central Bank

BDL’s 62-Year Journey: From Philippe Takla to Karim Souhaid

Maurice Matta, 27/03 20:35 - Reading : 5 minute(s)

Lebanon Central Bank Nawaf Salam Joseph Aoun Karim Souhaid

During a session held at Baabda Presidential Palace, chaired by President Joseph Aoun, the Cabinet appointed Karim Souhaid as Governor of the Lebanese Central Bank (BDL). The decision followed a ministerial vote, with Souhaid securing 17 votes out of 24 from the Lebanese government ministers. Despite strong opposition from Prime Minister Nawaf ...

Cabinet Appoints Karim Souhaid as Governor of Lebanon's Central Bank

This is Beirut, 27/03 17:15 - Reading : 2 minute(s)

Council of Ministers Central Bank Governor Karim Souhaid

The Council of Ministers appointed a new governor for Lebanon’s Central Bank on Thursday, more than a year and a half after the former governor, Riad Salameh, had retired. Karim Souhaid became the new head of the central bank, or BDL, following a vote in which he secured the support of 17 ministers out of 24. The Cabinet resorted to voting ...

Lebanon's Central Bank Dilemma: Between Collapse and Recovery

Salam El Zaatari, 27/03 09:30 - Reading : 3 minute(s)

Lebanon Banks Central Bank Economy

Imagine a ship caught in a storm – battered, leaking and listing dangerously – while its crew argues not over how to navigate to safety, but whether to abandon ship entirely or simply repaint the deck. This is Lebanon today: a country sinking under the weight of a financial collapse, and yet, paralyzed by a bitter ideological struggle over ...

Government to Announce Administrative Appointment Mechanism on Thursday

This is Beirut, 17/03 19:40 - Reading : less than a minute

Council of Ministers cabinet Central Bank

The Lebanese Council of Ministers convened for a marathon session on Monday to finalize the mechanism for administrative appointments, particularly for high-ranking positions. The meeting, which began at 11 AM at the Grand Serail and lasted over five hours, resulted in the approval of the mechanism in principle. However, its official announcement ...

UK Eases Sanctions on Syria, Lifts Restrictions on 24 Entities

This is Beirut, 06/03 17:30 - Reading : 1 minute(s)

Syria United Kingdom Central bank Sanctions

The UK government lifted sanctions imposed during the rule of the former Syrian leader Bashar al-Assad against 24 entities, including Syria's Central Bank, a statement said. The UK government said last month it planned to ease sanctions after the new Syrian government sought to persuade Western capitals that the rebels that toppled Assad after 14 ...

Combating Paramilitary Financing: Key to Keeping Lebanon Off the Gray List

Bassam Abou Zeid, 05/03 11:25 - Reading : 2 minute(s)

Lebanon Central Bank Economy Hezbollah

Lebanon's inclusion on the Financial Action Task Force (FATF) gray list can largely be attributed to the lack of cooperation from Lebanese authorities in combating the financing of paramilitary groups, particularly Hezbollah, as well as other organizations like Hamas and the Islamic Jihad Movement. The failure to address this issue was largely ...

BDL Reserves at $10.526 Billion, $3.2 Billion Disbursed Through Circulars 158 and 166

Maurice Matta, 21/02 11:00 - Reading : 3 minute(s)

Lebanon Economy Central Bank

In line with the Lebanese Central Bank (BDL) policy to raise withdrawal limits, and following consultations with President General Joseph Aoun, House Speaker Nabih Berri, Prime Minister Nawaf Salam and Finance Minister Yassine Jaber, BDL’s Central Council decided earlier this week to increase the ceiling under Circular No. 158 to $500 per month ...

After the Withdrawal Limit Increase: What About BDL Reserves?

Christiane Tager, 20/02 22:30 - Reading : 2 minute(s)

Lebanon Economy Banks Central Bank

In a highly anticipated move, Lebanon’s Central Bank (BDL) announced on Wednesday an increase in the withdrawal limits for Circulars 158 and 166, raising them to $500 and $250 per month, respectively, effective March 1. While the decision was welcomed by depositors, it has sparked concerns over its cost and potential impact on BDL’s reserves ...

Eleven Banks Call On the State to Settle Its Debt to the Central Bank

This Is Beirut, 2023-12-05 20:37 - Reading : less than a minute

BDL Central Bank

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 ...

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