Has BDL Followed a Currency-Board Exchange Rate Regime in the Last Two Years?

In a Virtual Conference on Lebanon hosted by the Institute of International Finance (IIF) on 30/9/2025, the third Vice Governor of BDL, Dr. Salim Chahin, admitted that BDL has been following a quasi-currency-board exchange rate regime for the past two years. To our knowledge, that was the first time BDL has officially declared what its current operating monetary framework is. The Vice Governor added that this is only a stop-gap measure till the financial crisis is over and the financial system is back on track. Before we look at what the currency board involves for Lebanon, a brief note on what it means and implies is in order.

For the full report, click on the link below:

Has BDL Followed a Currency-Board Exchange Rate Regime in the Last two Years