MidEastStrategist

Lebanon


The news below are provided by: The Daily Star

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  • Currency exchangers set dollar rate at LL3,915

    The Syndicate of Money Changers in Lebanon Friday set the daily exchange rates for the dollar against the Lebanese pound slightly lower for the third day in a row.

  • Lebanon to unite positions on size of financial losses

    Lebanon's Cabinet and Banque du Liban agreed Thursday to come up with unified figures of losses to present to the International Monetary Fund in bail out negotiations.

  • Currency traders lower dollar rate slightly

    The Syndicate of Money Changers in Lebanon Thursday set new exchange rates for the dollar against the Lebanese pound for a second day in a row in a bid to gradually contain the slide of the national currency.

  • BLOM: Private sector business conditions deteriorate in May

    The coronavirus and the steep economic recession have dealt a severe blow to Lebanon’s private sector which witnessed one of the lowest performances in May 2020, according to BLOMINVEST PMI report on Wednesday.

  • Money changers open, abide by set rate of LL3,975

    The Syndicate of Money Changers in Lebanon on its first day back after a month-long strike Wednesday announced the exchange rates its members would adhere to for that day.

  • Food prices to drop within a week: Nehme

    Food prices should begin to fall within a week, Economy Minister Raoul Nehme said Wednesday following the Central Bank’s recent decision to supply banks with foreign currency to finance basic industrial and food imports.

  • Currency traders will strive to lower dollar rate

    Lebanon’s licensed exchange houses will resume operations Wednesday as the Central Bank and the syndicates of the exchange dealers are set to launch the electronic platform for the daily rates of foreign currencies.

  • IMF demands answers before any assistance

    The International Monetary Fund is pushing the Lebanese government and the Central Bank to come up with clear answers concerning the capital control and discrepancy in the exchange currency rates before discussing any financial assistance, a source familiar with the talks between the two sides said Friday.

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