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The official exchange rate at LL15,000 from next February

The official exchange rate at LL15,000 from next February BDL expects economic growth this year Starting next February, the official exchange rate will be devalued from LL1,507 to LL15,000 to the US dollar, according to Riad Salameh, Governor of the Central Bank (BDL). Dollars withdrawn by depositors from their bank accounts will be paid in […]
$3 billion 4-year facility initial deal with IMF reached – Staff level agreement contingent on reforms.

The International Monetary Fund (IMF) has reached a ‘staff-level agreement’ with the government for a four-year ‘Extended Fund Facility’ that would only get full approval from the fund after a series of reforms is enacted. The IMF said in a statement that the Lebanese government, with IMF staff support, has formulated a comprehensive economic reform […]