BEIRUT: Completely lifting subsidies on all commodities coupled with the expected $400 cash withdrawals from the banks will trigger unprecedented...
BEIRUT: Lebanon’s insurance companies may witness a 20 percent drop in insurance premiums and volume if these firms start charging their customers in...
BEIRUT: Most Lebanese banks seemed willing to meet the Central Bank’s instructions to allow depositors who had foreign currency accounts before October...
BEIRUT: The Central Bank Friday instructed Lebanese commercial bank to allow customers with foreign currency accounts before Oct. 2019 to withdraw $400 a...
BEIRUT: The Shura Council has effectively suspended the Central Bank’s circular instructing Lebanese banks to pay LL3,900 for each US dollar to...
BEIRUT: The Central Bank’s new electronic platform will eventually check the rise of the dollar against the Lebanese pound and regulate the parallel...
BEIRUT: The Central Bank said Sunday that deposits in all currencies dating back before Oct. 17, 2019, and as they became on March 31, 2021, can be withdrawn...
BEIRUT: Caretaker Prime Minister Hassan Diab revealed Monday that the cost for the subsidy card for Lebanese families would be $1.2 billion annually,...
BEIRUT: The caretaker government is set to introduce a bill to Parliament in a few days calling for the creation of a subsidy card to nearly 750,000 families...
BEIRUT: The Central Bank has handed over 95 percent of the data and information required to Alvarez & Marsal company to conduct forensic auditing of the...
BEIRUT: Moody’s rating agency warned Wednesday of grave consequences on the Lebanon’s economy if the Central Bank’s foreign currency reserves were depleted...
BEIRUT: Central Bank Governor Riad Salameh said Tuesday that the majority of the Lebanese banks have succeeded in increasing their capital. “A big...
BEIRUT: All or most Lebanese will probably follow the news of the forensic audit of the Central Bank’s accounts to determine if the governor of BDL...
BEIRUT: Car dealers in Lebanon are paying a hefty and unparalleled price due to the severe economic recession, sharp devaluation of Lebanese pound and total...
BEIRUT: Alvarez and Marsal auditing firm is still waiting for the remaining answers from the Central Bank concerning data on all the accounts of BDL to resume...
BEIRUT: The Central Bank has around $1.5 billion left for the subsidy program and it’s not willing to continue this trend until the caretaker government...
BEIRUT: The Central Bank’s new platform aimed at regulating the uncontrolled exchange rate in the black market may need massive cash injection from the...
BEIRUT: The government and the Central Bank agreed in principle to disburse the World Bank’s $246 million cash assistance to poor families in fresh US dollars...
BEIRUT: The Central Bank’s legal department has finished answering all of Alvarez & Marsal’s questions and BDL’s Central Board will...
BEIRUT: The Lebanese need to understand a simple formula: The pound will continue to depreciate against the US dollar as long as there is no government...
BEIRUT: The Finance Ministry asked the Central Bank this week to answer all the four questions posted by Alvarez & Marsal concerning the forensic...
BEIRUT: The Central Bank is thoroughly studying and assessing the files of all Lebanese banks that were supposed to increase the capital by 20 percent and...
BEIRUT: Most Lebanese banks might be able to increase their capital by 20 percent on Feb. 28 and may partially be able to repatriate part of the 3 percent...
BEIRUT: The Central Bank said Thursday that the Feb. 28 deadline for all banks to increase their capitals and repatriate 3 percent of the liquidity from...
BEIRUT: Facebook launched Wednesday a $600,000 lifeline initiative to support the small and medium size businesses in Lebanon to help these firms cope with...