News Lebanon Currency: Lebanon's veteran central bank chief leaves post with legacy in shreds
Once feted as a financial wizard, Lebanese central bank governor Riad Salameh leaves the post he has held for 30 years on Monday, his legacy stained by the devastating collapse of Lebanon's banking sector and corruption charges at home and abroad.
News Lebanon Currency: Lebanon, previously described as Switzerland of the ME, is now in complete meltdown
Lebanon, which in the past was called the “Switzerland of the Middle East” is now in complete meltdown, due to widespread corruption and reckless and unrestrained public spending by the various factions controlling the political life in the country.
News Lebanon Currency: Moody's: Lebanon's voluntary debt exchange supports ratings
Furthermore, the central bank's foreign exchange reserves have risen significantly over the past year as deposits have flowed into Lebanon's commercial banks and the rate of dollarisation has ...
News Lebanon Currency: Small businesses in Lebanon struggle to stay afloat amid lira’s endless fall
Lebanon's ongoing economic crisis has left countless individuals and businesses to adapt to the harsh realities of the collapsing economy. FRANCE 24 met with Pierre, an officer in one of the state's security agencies, and Houssam, the owner of a trendy café in Beirut, who explain the challenges to sustaining their livelihoods. Before the crisis began in 2019, Pierre enjoyed a comfortable salary of 3 million Lebanese lira (equivalent to $2,000)...
News Lebanon Currency: Israel's borders with Lebanon, Gaza quiet after day of fighting
JERUSALEM/GAZA (Reuters) - Israel reinforced troops near its borders with Lebanon and Gaza on Friday following a flare-up in violence that threatened to spiral out of control after police raids this week on the Al-Aqsa mosque in Jerusalem. But even as major salvoes of rockets were fired at northern and southern Israel over the past day and Israel's military replied with strikes in Lebanon and
News Lebanon Currency: From $8.5 to $20 Million: Lebanon's unfinished Olympic-sized pool
Lebanon started building an Olympic-sized indoor pool in 2004, but as of 2023, the project remains unfinished. What is worse, the government has reportedly paid a staggering twenty million dollars for ...
News Lebanon Currency: Shoppers in Egypt, Lebanon and Iraq left at the mercy of currency markets
The recent economic woes of Egypt, Iraq and Lebanon, though quite different in nature and magnitude, all have one thing in common: instability of the local currency against the dollar. The three ...
News Lebanon Currency: Skiing in Lebanon too steep for most with currency in freefall
Skiing in Lebanon has long been a luxury for the well-off, but the eastern Mediterranean country's financial meltdown has thrown most people into poverty and made taking to the slopes even more exclusive.
News Lebanon Currency: Crisis-hit families struggle as winter arrives in Lebanon
Devastating impact of economic crisis leaves Lebanese and Syrian families struggling to stay warm and stave off hunger as cold weather grips Lebanon.
