BDL: Government Must Pass Law to Allow Central Bank to Lend the State
The Central Bank on Thursday asked the government to pass a law that authorizes BDL to give loans in foreign currency to the state to finance some of the subsidies.
Central Bank
Economy Ministry Raises Price of Bread as Economic Crisis Bites
BDL Says Some Licensed Money Changers Not Abiding by Sayrafa Rules
Lebanon's Banks Stuck in Reverse: Jobs Go, Lending Dives
Will Banks and BDL Be Able to Sustain $400 Monthly Payment to Depositors for Next Five Years?
IMF Says Not Clear How Withdrawals from Foreign Currency Deposits Will Be Financed in Lebanon
The International Monetary Fund on Thursday said that it does not see the need for Lebanon to implement the Capital Control Law now without subsidy or appropriate fiscal and other exchange rate policies. According to Reuters, IMF stressed that it is not clear how the planned withdrawal of deposits will be financed given the sharp decline in foreign currencies in Lebanon in recent years.
BDL: Depositors to Start Withdrawing $400 Banknotes July 1
Bank Customers to Be Able to Withdraw Up to $800 a Month
Banks Resume Dollar Withdrawals at LL3,900
Tawile: Adopt the Capital Control Law Now!
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