Timeline: Crisis-Hit Lebanon
Mired in what the World Bank calls one of the worst economic crises since the mid-19th century, Lebanon has designated a new premier to try to break its political deadlock.
Economy
Lebanon to Sign Contract with Alvarez & Marsal
Tawile: The Battle Begins Now!
Adidas Says Its Shutting Down in Lebanon Due to Economic Crisis
BDL Asks Banks Not to Impose New Terms on Circular 158
BDL’s Circular 158 Fails to Appease Depositors
The Central Bank’s Circular 158, which allows depositors with foreign currency accounts from before Oct. 17, 2019, to withdraw up to $400 in cash in US currency banknotes and the equivalent of $400 in Lebanese poundss based on BDL’s platform has so far failed to induce most people to take the offer, bankers and experts said.
UK’s Chargé d’Affaires in Lebanon: Forgive My Bluntness But There Is Something Rotten at the Heart of Lebanon
Turkey’s Karpowership to Resume Electricity Supply to Lebanon
Lebanese Pound Nears LL18,000 to the dollar
Economists: Lifting Subsidies Will Cause Hyperinflation and Further Devaluation of Pound
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