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Images from L'Orient Today reporters and on social media show queues of depositors forming at ATMs at various locations across Beirut after BDL suspended the circular that permits commercial banks to allow customers to withdraw US dollar deposits at an exchange rate of LL3,900
2 June 2021
Banque du Liban suspends decision permitting US dollar deposit withdrawals at LL3,900 rate
BEIRUT — Banque du Liban has suspended the decision that permits commercial banks to allow customers to withdraw US dollar deposits at an exchange rate of LL3,900. The suspension follows the...
Omar Tamo, 2 June 2021
Some 300 days since his government stepped down, Caretaker Prime Minister Hassan Diab in a speech urged political forces to form a cabinet to halt the systemic collapse of the country. Diab’s government resigned nearly 10 months ago over the Aug. 4 Beirut port explosion
2 June 2021
This week multiple banks have drastically dropped their lira withdrawal limits, sources say
BEIRUT — More than a year after halting US dollar withdrawals and imposing limits on cash withdrawals in lira, commercial banks’ customers have over the past two days discovered that the amount of...
Omar Tamo, 2 June 2021
Lebanon’s Hotel-Dieu de France hospital has announced the temporary closure of its laboratory to outpatients starting tomorrow due to an increase in demand resulting from the closure of other laboratories and a shortage of lab reagents required for internal hospital needs
2 June 2021
Lebanon has registered 214 new cases of COVID-19 in the past 24 hours. Five more people have died, bringing the total death toll to 7,740
2 June 2021
Caretaker Prime Minister Hassan Diab is set to deliver a speech at 7 p.m. today and is expected to discuss the latest developments regarding government formation, the NNA reports
2 June 2021
While three tankers have unloaded over the past week, somewhat easing a countrywide gasoline shortage, gas station owners’ syndicate spokesman George Brax told L’Orient Today that the fuel supply “crisis will continue.” BDL payment delays have been causing shortages for weeks
2 June 2021
Bitter pill: Lebanon’s medical crisis is set to get even worse
BEIRUT — For Mira Hasbini, Lebanon’s disastrous financial crisis came down to something very basic: surgeons couldn’t find enough screws to fix her aged mother’s broken bones....
Maha El Dahan and Alaa Kanaan, 2 June 2021
UN tribunal for Lebanon may close after July due to financial crisis
THE HAGUE — A United Nations tribunal set up to prosecute those behind the 2005 assassination of Lebanese Prime Minister Rafik Hariri and related cases said on Wednesday it will have to close...
2 June 2021
Lebanese Army patrols arrested seven alleged smugglers and seized 24,500 liters of diesel fuel and 1,900 liters of gasoline that the army said were intended to be smuggled to Syria on Monday and Tuesday from the Beqaa and northern Lebanon, an army statement reports
2 June 2021
The Special Tribunal for Lebanon, formed primarily to try suspects in the assassination of former PM Rafik Hariri, has said it will shut down after July unless it gets more funds, leaving cases unfinished "to the detriment of victims, the fight against impunity & the rule of law"
2 June 2021
Lebanese Army forces have seized drug manufacturing machinery and military-style munitions during a raid in the Baalbeck town of Riha, an army statement reports
2 June 2021
BDL payment pending, ‘lollar’ rate ruling, Bassil preps financial assistance pitch: Everything you need to know today
Want to get the Morning Brief by email? Click here to sign up. Banque du Liban has not yet fulfilled a promise to pay out $180 million in invoices for subsidized medical supplies, the Health...
2 June 2021
Importers say they are distributing subsidized drugs, but there is no sign of a promised $180 million BDL payment
BEIRUT — Pharmaceutical importers are distributing subsidized medicines to the market on a reported promise from the central bank that it will pay $180 million in outstanding invoices for the...
