A tangled web of financial misdeeds, shaky banks, and questionable central bank practices has plunged Lebanon’s economy into a crisis with no end in sight
Lebanon currency crisis
Latest in Lebanon currency crisis
Central Bank of Lebanon
Lebanon’s pound slumps to all time low of 100,000 to US dollar
Lebanese pound drops to a historic low as people in Lebanon suffer from economic crisis
financial crisis
Lebanese expats set to lose millions amid economic crisis
The country’s deputy prime minister said the government’s plan won’t cover all depositors
Association of Banks in Lebanon
Banking sector is ‘only hope for Lebanon’, says head of bank association
In a country where depositors’ money is holed up via ad hoc capital controls imposed unilaterally by banks, Lebanese have lost faith in the country’s banking sector, once considered a pillar of stability
Central Bank of Lebanon
Lebanese brace for higher fuel prices as government cuts subsidy
Fuel crisis has exacerbated power blackouts and resulted in miles-long lines at gasoline stations during Lebanon’s worst financial meltdown in memory
Central Bank of Lebanon
Lebanon grants limited access to bank deposits amid crisis
Move comes nearly 20 months after banks denied them access as a result of the crippling financial crisis
Central Bank of Lebanon
Lebanon halts dollar withdrawals at more favourable rate
The bank said the decision implemented a request by the Shura Council, Lebanon’s top administrative court
Cash-strapped Lebanon
Lebanese pound retains title of world’s most undervalued currency
Analysis of the Big Mac Index reveals the Lebanese pound is 68.7% undervalued, ahead of the Russian rouble
Lebanon crisis
Protesters take to streets as Lebanon holds talks on lifting subsidies
UNICEF, ILO warn removing price subsidies on the country’s most vulnerable households will be ‘a social catastrophe’