For the month of February 2022, Lebanon experienced a steady appreciation the exchange rate in the parallel market to an average of LBP/USD 21,900. This was accompanied by the approval of a preliminary ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 9.79% compared to last year, to reach $163.19B by end of December 2021. The increase was mainly due to the ... read more
Month of September held some positivity after the formation of the long awaited government, followed by the confidence votes at UNESCO palace on September 20, 2021 as well as discussions on the new ... read more
For the month of August, President Michel Aoun and Prime Minister-designate Najib Mikati have met several times to agree on a new cabinet with no end result. However, as of last week, President expressed ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.07% compared to last year, to reach $154.13B by end of July 2021. The increase was mainly due to the 39.03% ... read more
Over the past month, the resignation of Prime Minister-designate Saad Hariri had a serious impact on the local market as the US dollar rate in the parallel market exceeded LL22,000. For the near future, if ... read more
According to the latest World Bank Lebanon Economic Monitor, “Lebanon Sinking: To the Top 3”, the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.44% compared to last year, to reach $157.42B by mid-June 2021. The increase was mainly due to the 8.08% rise ... read more
In the previous months, lockdown played a role in aggravating the economic and financial situation of the country; however, the easing of some measures and vaccine intake helped in reviving different ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 3.93% compared to last year, to reach $154.71B by end of April 2021. Reasons behind the increase include the ... read more
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