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Student dollar, the President of the Republic explains: it is a question of forcing the banks to pay the dollars to Lebanese students from abroad and local

Student dollar, the President of the Republic explains: it is a question of forcing...

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The President of the Republic, General Michel Aoun, issued a press release, indicating that he had asked the parliament to amend the law aimed...
The headquarters of the Association of Banks of Lebanon after the explosion of the Port of Beirut. Photo Credit: Libnanews.com

Lebanese banks – already insolvent – refuse to repatriate the sums of their leaders...

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If there were any doubts, Lebanese banks threaten to close their curtains, according to a press release from the Association of Banks in Lebanon,...
While the Banque du Liban imposes Sayrafa, it also helps to degrade the parity of the pound on the black market

While the Banque du Liban imposes Sayrafa, it also helps to degrade the parity...

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While the first Lebanese banks have started the application of circular 161 of the Banque du Liban allowing the conversion of salaries into dollars...
The headquarters of the Association of Banks of Lebanon after the explosion of the Port of Beirut. Photo Credit: Libnanews.com

French justice demands the repayment of 2.5 million dollars blocked by a Lebanese bank

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The 9th chamber of the Paris Judicial Tribunal has decided to reimburse all of the sums deposited - equivalent to 2.5 million euros -...
Lebanon: complex relations between government, parliament and economic bodies could complicate negotiations with the IMF

Lebanon: complex relations between government, parliament and economic bodies could complicate negotiations with the...

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The complex relations between the executive, legislative and economic bodies could complicate the negotiation process with the International Monetary Fund, observers say, while a...
Georges Adwan estimates at $ 18 billion, subsidies paid to economic cartels

Georges Adwan estimates at $ 18 billion, subsidies paid to economic cartels

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Receiving a delegation of depositors, the chairman of the parliamentary committee on administration and justice questioned the government Diab, the Banque du Liban and...
The main entrance of the Banque du Liban (BDL) Photo credit: Libnanews.com, all rights reserved

A circular 158 which is rejected by the majority of depositors

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Entered into force a week ago, to the day, the majority of depositors seem to have rejected the circular 158 of the Banque du...
Lebanese money in Switzerland more than doubled

Lebanese money in Switzerland more than doubled

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Funds deposited by Lebanese nationals more than doubled in 2020 in Switzerland, says the Swiss National Bank. They go from 2.7 billion Swiss francs...
Capital control legislation approved by the parliamentary finance committee

Capital control legislation approved by the parliamentary finance committee

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The parliamentary finance and budget committee gave its approval to the approval of the law establishing a formal capital control. As a reminder, an...
Lebanese banks say they cannot allow the withdrawal of a single dollar

Lebanese banks say they cannot allow the withdrawal of a single dollar

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In a letter sent on June 3 to the Banque du Liban, the Association of Banks of Lebanon informs the latter that its members...