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Lebanon economy
Lebanon’s central bank will halt purchases of dollars on its Sayrafa platform starting on Oct. 25 until further notice, a statement from the central bank said on Sunday.The statement said the bank ...

Lebanon’s parliament on Thursday passed another round of amendments to a banking secrecy law after the International Monetary Fund said a previous draft retained key deficiencies.The IMF has laid out ...
The Lebanese pound’s market value hit a record low against the dollar Monday, as the cash-strapped country plunges further into financial and political turmoil three years after its economy ...
Lebanese banks have unanimously decided to close their doors to clients indefinitely after a series of holdups by depositors seeking funds frozen in the banking system because of the country’s ...
Leading Lebanese politicians said on Thursday they were blindsided by a plan to slash the official exchange rate, with the Iran-backed Hezbollah group demanding a review of the decision and the ...

Depositors scuffled and long lines formed at Lebanese banks Monday as they partially reopened after a week-long closure following a slew of heists by customers desperate to access their money.But most ...
The International Monetary Fund said on Thursday that a staff mission will visit Lebanon next week to discuss ways to “speed up” implementation of agreed reforms required for an IMF loan program amid ...
Lebanon’s 2022 budget may fall short of International Monetary Fund requirements for a bailout program, a member of Lebanon’s IMF negotiations team told Reuters on Thursday as parliament holds ...

Lebanon would not be the same without the scent of zaatar in the morning air, wafting from manouche bakeries for a quick breakfast or mixed into a paste, perpetually on the dining table for a quick ...
Lebanon’s parliament on Tuesday passed long-awaited amendments to a banking secrecy law, according to a Reuters witness, in the first step towards reforms required by the International Monetary Fund ...

Energy-rich Qatar has given Lebanon’s cash-strapped armed forces $60 million, the foreign ministry in Doha announced Thursday.“The announcement comes within the framework of the State of Qatar’s firm ...
Lebanon’s Bank Audi and al-Mawarid Bank said on Wednesday they disagreed with a letter sent on behalf of the country’s banking association that branded a staff-level agreement (SLA) with the ...

Lebanon’s ailing economy should receive a welcome injection of more than $3 billion thanks to a rebound in tourist arrivals over the summer, the tourism minister said Wednesday.Lebanon defaulted on ...
The Lebanese banks association ABL said on Wednesday it does not oppose an April draft deal between the government and the IMF, and sees an agreement with the fund as one of the main ways to exit ...
A Lebanese prosecutor probing central bank chief Riad Salameh on suspicion of financial misconduct has requested charges be issued against him based on preliminary investigation findings, a court ...

Lebanon’s new legislature narrowly elected veteran politician Nabih Berri for a seventh term as speaker of parliament in its first session on Tuesday.Berri, 84, won 65 votes in the 128-member ...

Lebanon's pound traded at a record low of more than 35,000 to the dollar on Thursday, according to currency exchange platforms and traders, as divisions within a newly-elected parliament fuel concerns ...
The Association of Banks in Lebanon (ABL) on Tuesday rejected a financial recovery roadmap passed last week by the country’s cabinet, saying it would “place the full losses” of the country’s economic ...

On a freshly printed 100 Lollar note, a painting of the Beirut Port silos exploding is detailed, with “The Currency of Corruption” emblazoned in the corner. At a glance, one might mistake the bill for ...
Lebanon’s central bank will continue to allow commercial banks to purchase US dollars on its Sayrafa platform rate, it said on Tuesday, in response to rumors it had halted purchases following the ...
Lebanon will complete the first in a set of conditions for an IMF bailout, an audit of the central bank’s forex position, by June, the country’s deputy prime minister said during a meeting with the ...

Talks between the Lebanese government and the International Monetary Fund over an economic recovery plan should make progress in the next two weeks, Prime Minister Najib Mikati said Saturday.Speaking ...
Lebanese banks will be allowed to sell the local currency for US dollars and vice-versa starting March 28, on the basis of the rate determined by the central bank’s "Sayrafa" platform, the central ...
Lebanon’s Fransabank closed all of its branches on Wednesday after a judicial order and said it would be unable to meet client demands, including paying public sector salaries.Fransabank, one of ...
Lebanon’s central bank on Wednesday denied its official foreign exchange platform had halted operations, after the value of the country’s pound sank on the parallel market.The bank said it was ...