Tag: capital controls
Student dollar, the President of the Republic explains: it is a question of forcing...
The President of the Republic, General Michel Aoun, issued a press release, indicating that he had asked the parliament to amend the law aimed...
Lebanese banks – already insolvent – refuse to repatriate the sums of their leaders...
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...
While the first Lebanese banks have started the application of circular 161 of the Banque du Liban allowing the conversion of salaries into dollars...
French justice demands the repayment of 2.5 million dollars blocked by a Lebanese bank
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...
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
Receiving a delegation of depositors, the chairman of the parliamentary committee on administration and justice questioned the government Diab, the Banque du Liban and...
A circular 158 which is rejected by the majority of depositors
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
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
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
In a letter sent on June 3 to the Banque du Liban, the Association of Banks of Lebanon informs the latter that its members...
Lebanon: Shoura Council condemns banks to grant depositors foreign currency
The State Shura Council issued a decision stopping the implementation of the basic circular issued by the Governor of the Banque du Liban on...
Banque du Liban to provide banks with 12,000 LL / USD dollars
The Bank of Lebanon has reportedly indicated that it will provide local banks with dollars at the opening rate of its Sayrafa electronic platform,...
Student dollar: banks say they have transferred 240 million to 30,000 students
The Association of Banks in Lebanon indicates that $ 240 million was transferred during the period 2019-2021 in favor of 30,000 Lebanese students based...
$ 6 billion illegally transferred out of Lebanon (Foreign Policy)
Foreign Policy magazine says $ 6 billion has been illegally transferred out of Lebanon in recent months , following pressure from politicians on local...
