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A service for banking industry professionals · Monday, March 1, 2021 · 536,097,428 Articles · 3+ Million Readers
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Lebanese Lira (LBP) News Monitoring

  • Published on Feb 28, 2021

    Lebanon: What Happened To the Money in People's Bank Accounts?

    Allegations that authorities in Lebanon have smuggled money out of the country have sparked widespread anger here when one considers that Lebanese have not been able to withdraw money from banks since Oct. 17, 2019. Following protests that started in 2019 …

    Source: Al Bawaba - Neutral
  • Published on Feb 5, 2021

    'We open, people die; we close, people die.' COVID surge leaves Lebanon with no good options

    Patients cram hospital corridors and spill into driveways. Intensive care units are full as the coronavirus thins the ranks of already-overstretched medical personnel. People scramble from pharmacy to pharmacy, plead with friends or resort to the black …

    Source: Los Angeles Times - California - Neutral
  • Published on Feb 4, 2021

    Six months ago Beirut blew up, now Lebanon is on the brink of collapse

    Haloed by the lights from their mobile phones, the medical staff at St George University Hospital picked through the dead to carry injured patients and colleagues on bed sheets through the ravaged remains of the nine-storey building. Outside, a tidal wave …

    Source: The Independent - Uncategorized
  • Published on Feb 23, 2021

    'Sarde After Dinner' Podcast: Brief 'Taboo' Respite From The Grim State of Lebanese Affairs

    The black-market exchange rate of the Lebanese lira against the dollar shot up to an unprecedented 9,500 this week as the country slowly began to re-open after a month and a half of a strict national lockdown in response to the COVID-19 pandemic. Prime …

    Source: Al Bawaba - Neutral
  • Published on Jan 11, 2021

    Fourth lockdown for battered Lebanon

    ‘Lockdown losses have cost Lebanon 20 per cent of its current GDP’   Lebanon has just entered its fourth Covid-19 lockdown since the pandemic began. Skyrocketing numbers have forced the Lebanese government to take the decision, previously rejected by the …

    Source: Cyprus Mail - Neutral
  • Published on Dec 18, 2020

    Dying for a better life: On board Lebanon’s ‘death caravans’ to Europe

    It was on the third day lost at sea, when they started trying to filter seawater using baby’s nappies that Mohamed, 23, volunteered to swim to land and find help. Two children, a diabetic man and a woman had already died in the deteriorating conditions. …

    Source: The Independent - Uncategorized
  • Published on Dec 13, 2020

    Subsidy cuts in Lebanon harm low-income citizens

    Following the Central Bank of Lebanon's decision to start implementing subsidy cuts for basic goods including flour, fuel, and medicines, widespread protests have erupted across the country, news agencies reported. Xinhua News Agency reported United …

    Source: Middle East Monitor - Uncategorized
  • Published on Dec 1, 2020

    Lebanon Economic Monitor: The Deliberate Depression (Fall 2020)

    Lebanon is in a Deliberate Depression with Unprecedented Consequences for its Human Capital, Stability, and Prosperity A new World Bank report analyses the root causes of Lebanon’s ongoing social and economic crises and calls for formation of a reform- …

    Source: ReliefWeb - Neutral
  • Published on Nov 28, 2020

    Turkish lira leads gains across Europe, Middle East, Africa

    Turkey’s central bank scraps rule that nudged banks to ramp up cheap lending, a step analysts see as a positive shift. Turkish economy to expand by 0.3 percent in 2020, Treasury and Finance Minister Elvan has said. (AA) The Turkish lira has led gains …

    Source: The Africa News.net - Neutral
  • Published on Nov 3, 2020

    Forex Today: Stocks Rally on U.S. Data

    Nov 03, 2020 (MENAFN via COMTEX) -- (MENAFN - Daily Forex) Markets will be watching early U.S. vote results on whether speedy result will be reached.   Advertisement Current volatility is making great stock trading opportunities - don't miss …

    Source: Tradingcharts.com - Neutral
  • Published on Oct 29, 2020

    Forex Today: Stocks Fall as Coronavirus Hits New Highs

    Oct 29, 2020 (MENAFN via COMTEX) -- (MENAFN - Daily Forex) High level of new coronavirus infections in Europe and the U.S.A. triggers flight to safety and new lockdowns   Advertisement Don't miss today's great trading opportunities! TRADE …

    Source: Tradingcharts.com - Neutral
  • Published on Oct 28, 2020

    Firm hired to audit Lebanon central bank has not received all requested info — sources

    ANKARA: The Turkish lira continued its freefall on Wednesday, dropping to a record low amid the country’s growing political and economic confrontation with France and the US. The currency traded at over 8.3 to the dollar for the first time, breaking a …

    Source: Arab News - Gov't Propaganda
  • Published on Oct 16, 2020

    Lebanon’s year of fire

    Beirut, Lebanon – From his home nestled in the lush mountains above Beirut, Salim Abou Moujahed watched flames eat up foliage on an opposing hillside. The 32-year-old had been intrigued by fire since his childhood days spent outdoors in the rugged …

    Source: Al Jazeera - Gov't Propaganda
  • Published on Feb 1, 2021

    Boxes of food help people affected by Beirut explosion

    By Linda Espenshade, Stephanie Dyck and Rewa El Masry Jan. 28, 2021 BEIRUT, Lebanon – Eight of Alice Joubanian’s grandchildren—all under eight years old—lived with her and her daughter in a Beirut camp for Armenian refugees when a massive explosion of …

    Source: Mennonite Brethren Herald - Uncategorized
  • Published on Oct 10, 2020

    In Lebanon, students hit by coronavirus, Beirut blast and continuing economic woes

    “I asked you to call me at this time because that’s when my son has a break from [online] classes,” Sanaa told Middle East Eye from Beirut’s Tariq al-Jdideh neighbourhood. “There is only one cellphone at home, and we don’t have any laptops.”  Sanaa lives …

    Source: Middle East Eye - Uncategorized
  • Published on Oct 4, 2020

    Lebanon: Traumatized Beirutis ready to 'leave for good'

    Cindy Chemaly Cochrane and her husband Paddy Cochrane don't want to rebuild their Beirut apartment. They're not looking to replace their smashed car or rebuild their destroyed restaurant either. They want to get away from the city where nothing has …

    Source: Deutsche Welle - Public Broadcaster
  • Published on Oct 11, 2020

    'There is no hope': the slow disintegration of Lebanon

    In early September, Mohammed Khaldoon sold a necklace his sister had given him and scrounged what he could from friends and family. He gave the sum total, $400, to a smuggler in his hometown of Tripoli, northern Lebanon, and took to sea, with 49 others in …

    Source: The Guardian - Neutral
  • Published on Sep 21, 2020

    Overlapping crises in Lebanon fuel a new migration to Cyprus

    Driven by increasingly desperate economic circumstances and security concerns in the wake of last month’s Beirut port explosion, a growing number of people are boarding smugglers’ boats in Lebanon’s northern city of Tripoli bound for Cyprus, an EU member …

    Source: The New Humanitarian - Neutral
  • Published on Apr 24, 2020

    Lebanon: Money transfers close as currency goes into freefall

    Dozens of demonstrators broke coronavirus lockdown orders last night to protest in front of the Lebanese Central Bank in Beirut, after the country’s currency, the Lira, went into freefall. Officially, the Lira-Dollar exchange rate is still pegged at 1,507. …

    Source: Middle East Monitor - Uncategorized
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