Knowledge

Banque du Liban

Source 📝

1107:(CFT) regime, a platform for international cooperation and plays a vital role in safeguarding concerned sectors from illicit proceeds. The SIC's tasks include receiving and analyzing suspicious transaction reports (STRs), conducting financial investigations, lifting banking secrecy, freezing accounts and/or transactions and forwarding them to concerned judicial authorities. With respect to terrorism and the financing of terrorism, the SIC is also empowered to prevent the use of movable or immovable assets. In addition to sharing ML/TF intelligence with counterparts and coordinating with foreign/local competent authorities on requests of assistance (ROAs), the SIC also proposes AML/CFT regulations and issues new regulations and recommendations to concerned parties. AML/CFT supervision via compliance examinations at banks and other reporting entities to ensure proper implementation of prevailing regulations is also among its tasks. The SIC is managed by the Governor Mr. Riad Salamé and assisted by the president of the Banking Control Commission, a professional appointed by the Council of Ministers and the judge appointed to the Higher Banking Commission. 828: 1088:
functioning of financial intermediation institutions which manage investment funds and collective investment schemes for the public. The CMA board is entrusted by Law 161/2011 to set the code of conduct for stock exchange institutions and their employees, as well as financial service providers and their employees. The CMA board has the power to regulate governance-related issues, such as the obligations of financial instrument issuers to publish and disclose to the public price-sensitive information. In the same context, the CMA board has the power to license the establishment and functioning of financial intermediation institutions, approve securitization activities, ratify (or cancel previous ratification of) the decisions taken by the administration of each stock exchange concerning the registration of securities and financial instruments; and approve the regulations set by the administrations of stock exchanges concerning the transactions undertaken on such stock exchanges.
944: 864: 980: 900: 1030: 970: 733: 405: 665:
the Governor is appointed by decree sanctioned by the Council of Ministers, for a renewable six-year term. After the consultation with the governor and upon the proposal of the Minister of Finance, the vice governors are appointed by decree sanctioned by the Council of Ministers for a renewable five-year term. They assist the Governor in managing the bank, carrying out functions specified by the Governor. In addition, they assume their duties as members of the Central Council.
791: 934: 890: 854: 717: 1296: 275: 1282: 142: 25: 775: 818: 1231:
international market rates in return. According to the audit, the central bank disguised losses equal to $ 76 billion through the engineering. Salameh said the bank's central council had found financial engineering to be the "best response to a deteriorating balance of payment" and that he had not "intervened" in decision-making on engineering. BDL has said the operations are legal.
1019: 311:. It was established on August 1, 1963, and became fully operational on April 1, 1964. In 2023, Wassim Mansouri stepped up as interim governor of the Banque du Liban after Lebanon failed to name a successor to Riad Salameh, whose term finished in July 2023. Salameh, who was chairman for 30 years, has been accused of corruption, money laundering and running the largest 322:. Other responsibilities include maintaining monetary stability, regulation of money transfers, and maintaining the soundness of the banking sector. Banking is a very important part of Lebanon's economy with over 100 different banks, which makes the role of BdL particularly important. It currently owns 99.37% of the shares of Lebanon's national carrier, 1166:
Leap Ventures - is a growth stage Venture Capital firm in the Middle East and North Africa, based out of Beirut and Dubai. Leap Ventures looks to make investments in innovation & technology startups from the MENA region that have reached the series B stage: startups that have established a market
1150:
The outcomes of the circular have however fallen short of the expectations. Many Lebanon's observers pointed that the initiative lacked transparency: There has been no clear indication of the number of start-up funded, jobs created and money spent. The initiative was unable to overcome a major hurdle
1083:
The management of the Capital Markets Authority (CMA) is entrusted to a board formed of seven members and chaired by the Governor of Banque du Liban, the central bank of Lebanon. The board is composed of three full-time executive board members who are experts in capital markets, banking and financial
640:
The Banque du Liban was established by the Code of Money and Credit promulgated on 1 August 1963, by decree no. 13513. It started to operate effectively on 1 April 1964. BDL is a legal public entity enjoying financial and administrative autonomy. It is not subject to the administrative and management
664:
The Governor is the legal representative of the Banque du Liban and has extensive authority over the management of the bank. He is entrusted with the enforcement of the Code of Money and Credit and the implementation of the Central Council's resolutions. Upon the proposal of the Minister of Finance,
1154:
Circular No. 331 encourages commercial banks to invest in start-ups. The BDL will guarantee up to 75% of the value of these commercial bank investments in the capital of start-ups that meet the determined criteria. Here are some of the start-ups that are innovative Lebanese companies working in the
1186:
According to the circular, the total participation of any bank in start-ups may not exceed 3% of the bank's capital, provided the participation of any bank in a single start-up does not exceed 10% of the aforementioned 3%. Thus, commercial banks must invest in at least 10 start-ups if they want to
1056:
The Central Council sets the monetary and credit policies of the Bank, including money supply, and discount and lending rates. It discusses and decides, among other things, on issues concerning the banking and financial sectors, the establishment of clearinghouses, the issuing of currency and loan
998:
after Riad Salameh failed to show up to court for questioning, while is whereabouts were unknown after a raid in his office and 2 homes, as part of an investigation for alleged misconduct and corruption. This sparked controversy with another security agency that was accused of protecting him from
1174:
My ME - is a socially-responsible, personal travel planning service that helps guests design and implement trips to the Middle East and the Eastern Mediterranean based on their own travel dates, travel preferences, and personal style. My Middle East - prepares personalized travel plans to Egypt,
627:
Concerning commercial operations, the Issuing Department was to provide the Banque de Syrie with banknotes only in exchange of foreign currencies or foreign securities, which constituted, together with the credits granted by the Treasury in Paris, the coverage of the currency in circulation. The
1178:
Kashida - is the first registered company in the world to transform the Arabic letterform into evocative, functional 3D design pieces. They offer contemporary home décor accents, furniture, corporate gifts and event souvenirs to create a more personalized living/work space for our B2B and B2C
1087:
The CMA Board has extensive powers that aim to enhance investor protection and promote investment in the financial markets. It has the power to establish general regulations concerning the establishment and management of stock exchanges, as well as regulations concerning the establishment and
590:, the French franc had maintained its status thanks to advances from the British and American treasuries. However, in 1919, the French franc registered a drop because of the British government's decision to stop these advances, thus breaking the alliance between the franc, sterling and the 1230:
Among other things, the audit report details BDL's practice of financial engineering, which, starting in 2015, it used to allow local banks to attract dollar deposits from abroad and then have the lenders deposit the dollars at BDL. The local lenders were given interest rates higher than
1170:
Presella - an event management technology startup with the primary focus on a paperless e-ticketing platform for the MENA region. The platform is supported by a Last minute ticket mobile application and an in-event door management application. APPS Currently in closed Beta in Dubai &
1084:
affairs, and three part-time members representing ministries and other authorities directly involved in the work of the CMA: The Director General of the Ministry of Finance, the Director General of the Ministry of Economy and Trade and the Chairman of the Banking Control Commission.
1159:
MEVP - is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative companies run by talented entrepreneurs Walid Hanna and Walid Mansour primarily, but not exclusively, in the Middle East Region with a focus on the GCC and Levant
598:'s decision to suspend its regulating role of the associated change rates. In order to replace the Egyptian pound, the French government decided, by Decree N° 129 issued by the High Commissioner on March 13, 1920, to endow Syria with a national currency. 1057:
requests by public sector entities. The Council decides also on the rules and procedures that govern the staff and operations of the Bank, and on its annual budget and accounts. The members of the Central Council are:
609:, was granted the concession of issuing the Syrian–Lebanese currency, which became legal tender on May 1, 1920. Banknotes issued by this bank were reimbursable to the bearer or at sight by checks drawn on 1163:
Berytech - a Lebanese tech focused business development center, has recently announced a $ 50 million investment fund, the Berytech Fund II. Berytech incubator is led by chairman Maroun Chammas.
1846: 1143:
Aug. 22, 2013, Central Bank of Lebanon issued the new investment policy called "Circular No. 331". This aim to support Lebanon's knowledge economy by providing support to the thriving
2123: 1761: 1167:
presence and are seeking to dramatically accelerate their global market penetration and commercialization. Leap Ventures is led by founding partners Henri Asselly and Hala Fadel.
579:, and Commander-in-Chief of the Levant Army". Consequently, the use of the Egyptian currency, suitable for the British Treasury, became inappropriate. To obtain Egyptian pounds, 1867: 1147:
ecosystem. With this audacious move, Lebanon's Central Bank hopes to increase the country's GDP, decrease unemployment and position Lebanon as the tech hub of the Middle East.
1091:
Moreover, the CMA Board is mandated by law to issue consultations and opinion on draft laws and decrees related to the work and development of the capital markets in Lebanon.
823: 1699: 1992: 624:. It was responsible for putting in circulation and withdrawing banknotes. Issuances were made either on behalf of the Treasury in Paris or on behalf of the Bank itself. 2319: 1573: 1182:
Egnyt Technology incubator managed by Samir Chreim. Egnyt recently opened 2,500-sqft business incubator in Beirut that is meant for enterprises focusing on technology.
827: 2021: 315:
in history; he was additionally labeled "the world’s worst central banker". He is currently under sanctions by Canada, the United Kingdom and the United States.
2314: 433: 2433: 1099:
The Special Investigation Commission (SIC) is a multi-function financial intelligence unit (FIU) with judicial status. It is the centerpiece of Lebanon's
1493: 567:
governments on September 15, 1919, a new occupying authority started to rule Lebanon. French troops replaced the British, under the command of General
1649: 1394: 1944: 1816: 1004: 943: 863: 654: 1968: 1783: 2108: 1673: 556:, the Egyptian currency having been, since October 30, 1916, closely linked to sterling and entirely covered by securities issued in sterling. 1623: 2367: 1838: 761: 548:
In order to normalize economic life in the occupied territories and cover the expenses of the allied forces, British authorities imposed the
2377: 2362: 1598: 1479: 521: 2093: 1421: 1896: 979: 899: 1753: 1446: 2069: 1875: 1115:
The Higher Banking Commission was established at Banque du Liban in 1967, pursuant to Article 10 of Law No 28/67. It is composed of:
1520: 2334: 1707: 537:
domination of Lebanon, which lasted for more than four centuries, was brought to an end on October 6, 1918, with the entry of the
2418: 2179: 2000: 1380: 2372: 2357: 2207: 89: 2408: 2324: 61: 1246:
imposed sanctions on Salameh and a handful of his close relatives and associates due to corruption allegations. Meanwhile,
1128:
A high-ranking judge, with a ten-year experience at least, approved by the Higher Judicial Council and appointed by decree;
1104: 2029: 2413: 2202: 68: 2329: 108: 1309: 1219:
In 2023, it was reported that the forensic audit—which had been a key demand of the international community and the
1728: 514: 42: 75: 2233: 46: 1074:
The Director General of the Ministry of Economy and Trade, ex officio but strictly as a member of the council.
1068: 57: 2423: 2238: 1808: 1541: 658: 439: 2428: 2304: 2172: 1220: 915: 653:
The Banque du Liban is managed by the Governor, who is assisted by four vice governors as well as by the
629: 621: 602: 507: 1270:
notices for Salameh in May 2023; however, Lebanon does not hand over its citizens to foreign countries.
444: 2398: 2212: 1329: 1555: 1151:
of the Lebanese economy: banks' extremely risk-averse and conservative attitude towards investment.
605:("Bank of Syria and of Lebanon"), which had been created for that purpose by the French-controlled 595: 1258:
were investigating Salameh and several close associates over alleged financial crimes, including
1204: 568: 35: 327: 2403: 2165: 632:'s Issuing Department would later form the basis for the establishment of the Banque du Liban. 475: 419: 2094:"Forensic audit into Lebanon's central bank reveals misconduct and 'illegitimate' commissions" 1674:"Lebanese Central Bank pushes start-up investments - Al-Monitor: the Pulse of the Middle East" 2352: 2284: 2279: 1920: 1345: 1212:
of the Banque du Liban (BDL), as it was accused of money laundering, corruption and links to
1100: 749: 429: 82: 1131:
A member of the Banking Control Commission, nominated by the Association of Banks in Lebanon
2294: 1194:
UK Lebanon Tech Hub is a startup initiative between Banque du Liban and the UK government.
591: 480: 323: 601:
On September 1, 1920, the representative of France proclaimed Great Lebanon. In 1920, the
8: 2228: 1512: 1227:
and $ 111 million in "illegitimate commissions". The audit covered the 2015–2020 period.
1209: 1191: 571:, who was appointed on October 12, 1919, as "High-Commissioner of the French Republic in 495: 1324: 1259: 1000: 485: 470: 454: 396: 1454: 620:
As a consequence, an independent, currency-issuing department was established at the
449: 2309: 1319: 1263: 1024: 939: 859: 374: 300: 195: 2264: 2259: 1144: 919: 490: 331: 292: 279: 185: 1542:"Will Michel Aoun replace the governor of the central bank? | Makram Rabah" 318:
One of the main responsibilities of the bank is issuing Lebanon's currency, the
2274: 1784:"What Is The Impact of Banque du Liban's Circular 331 on the Lebanese Economy?" 1334: 1287: 1239: 999:
trail. Later in March 21, Salameh along with his brother Raja were charged for
722: 564: 542: 534: 319: 216: 975: 895: 2392: 2269: 2243: 2051: 1945:"$ 71 million Leap Ventures fund officially launched at ArabNet 2015 - Zawya" 1458: 1235: 806:
Also served 6th president of Lebanon the same year as the end of his tenure.
757: 642: 583:, being the sole occupying power, had to offer increasing amounts of francs. 378: 2124:"Riad Salameh, former head of Lebanon's central bank, hit with US sanctions" 1574:"Lebanon security forces raid central bank chief's home to execute subpoena" 1029: 2188: 1339: 1301: 1224: 780: 732: 614: 606: 312: 304: 933: 889: 853: 716: 404: 1395:"France opens probe into personal wealth of Lebanon's central bank chief" 969: 790: 753: 587: 278:
French language inscription "Banque du Liban" on the headquarters of the
2109:"Audit criticises 'misconduct' at Lebanon central bank, urges oversight" 274: 1255: 1208:
reported that the United States and other Western countries demanded a
995: 141: 1122:
A vice-governor selected by the Central Council of the Banque du Liban
1897:"MEVP's IMPACT Fund announces $ 12.5M investment in 5 Lebanese tech…" 1729:"What the Central Bank of Lebanon's new investment policy means for…" 1213: 335: 237: 1969:"Presella first to benefit from BDL's circular gets 300k investment" 1650:"Lebanon security forces sent to raid home of central bank governor" 1624:"Lebanon charges central bank governor Riad Salameh and his brother" 1494:"La MEA dévoile les nouveaux équipements de son centre de formation" 24: 1480:"US, UK and Canada sanction Lebanon's former central bank governor" 1267: 549: 366: 354: 221: 1599:"Lebanon's Central Bank Chief Vanishes as Corruption Probe Mounts" 1366: 1175:
Lebanon, Syria, Turkey, and Croatia (and soon other destinations).
382: 1422:"Lebanon central bank governor summoned for questioning by judge" 1251: 1134:
The chairman of the National Deposit Guarantee Institution (NDGI)
657:. By convention, the Governor of the Banque du Liban is always a 576: 362: 358: 308: 206: 156: 2157: 1155:
knowledge economy sector and have contributed to creating jobs.
1247: 1243: 774: 580: 560: 545:
Treasury, with a forced exchange rate, suffered the same fate.
538: 346: 339: 152: 2106: 2070:"Lebanon's Central Bank Fuels Corruption, Extremism Concerns" 817: 610: 572: 553: 370: 1223:—revealed years of misconduct by the bank's former governor 541:
Marine Division into Beirut. The paper money issued by the
350: 334:, making it the only central bank worldwide to rule over a 2320:
International Centre for Settlement of Investment Disputes
2150: 2052:"From bombs to bytes: How Beirut's tech scene is thriving" 1993:"Lebanon's top 20 entrepreneurs 2013 - Executive Magazine" 1018: 259: 1187:
benefit from all the facilities provided to them by BDL.
1839:"Financing startups in Lebanon: the shortcomings of 331" 1754:"Financing startups: the shortcomings of Circular 331 -" 1700:"BDL Circular 331: Injecting $ 400 Million into Lebanon" 1313: 1094: 958:
Also Served as Defense minister between 1965 and 1966
878:
Also Served as Defense minister between 1965 and 1966
2315:
International Bank for Reconstruction and Development
1868:"Let the investment games begin - Executive Magazine" 559:
In accordance with the convention signed between the
1277: 645:. Its capital is totally appropriated by the State. 1071:, ex officio but strictly as member of the council. 49:. Unsourced material may be challenged and removed. 326:. The BdL is also the dominant shareholder of the 1806: 1381:"Lebanon: Interim Central Bank Governor Steps up" 1367:"The Organisation and Structure of Central Banks" 1138: 994:In February 2022, a subpoena was issued by Judge 2390: 2107:Maya Gebeily and Laila Bassam (11 August 2023). 1369:. Technische Universität Darmstadt. p. 233. 1119:The Governor of the Banque du Liban, as Chairman 1110: 1809:"Circular 331: where has Lebanon's money gone?" 1513:"Abracada...broke - Lebanon's banking on magic" 1125:The Director General of the Ministry of Finance 1556:"Governors past and present - Banque du Liban" 1342:, First Vice-Governor, 1993–1998 and 1998–2003 2368:Central banks and currencies of the Caribbean 2173: 515: 2378:Central banks and currencies of the Americas 2363:Central banks and currencies of Asia-Pacific 2091: 1266:of $ 330 million. France and Germany issued 1197: 125: 2434:Financial regulatory authorities of Lebanon 1807:Rimington-Pounder, Sophie (27 April 2016). 1364: 1078: 1007:but also failed to attend for questioning. 2180: 2166: 2022:"SCAS Inc. To Launch Technology Incubator" 1447:"The world's worst central banker retires" 1028: 1017: 978: 968: 942: 932: 898: 888: 862: 852: 826: 816: 789: 773: 731: 715: 676:List of governors of the Banque du Liban: 522: 508: 140: 109:Learn how and when to remove this message 2335:Multilateral Investment Guarantee Agency 2087: 2085: 2083: 1510: 760:as a result of the death of his father, 273: 2049: 2391: 2373:Central banks and currencies of Europe 2358:Central banks and currencies of Africa 2208:Basel Committee on Banking Supervision 1921:"Berytech Fund II Launches with $ 50M" 1358: 1051: 2325:International Development Association 2161: 2080: 1836: 1751: 1697: 641:rules and controls applicable to the 1781: 1647: 1105:combating the financing of terrorism 1095:The Special Investigation Commission 635: 47:adding citations to reliable sources 18: 2121: 296: 126: 13: 2203:Bank for International Settlements 1419: 14: 2445: 2330:International Finance Corporation 2187: 2142: 648: 1511:Berthier, Rosalie (2 May 2017). 1294: 1280: 403: 23: 2115: 2100: 2092:Bassem Mroue (11 August 2023). 2062: 2043: 2014: 1985: 1961: 1937: 1913: 1889: 1860: 1849:from the original on 2021-11-22 1830: 1819:from the original on 2016-04-28 1800: 1775: 1764:from the original on 2018-12-27 1745: 1721: 1691: 1666: 1641: 1616: 1591: 1566: 1548: 1523:from the original on 2020-07-05 34:needs additional citations for 2419:1963 establishments in Lebanon 2234:Contractionary monetary policy 1534: 1504: 1486: 1472: 1439: 1413: 1387: 1373: 1139:Investment policy for startups 328:Intra Investment Company (IIC) 1: 2050:Munford, Monty (2017-01-20). 1837:Babin, Justine (2018-12-28). 1752:Babin, Justine (2018-12-21). 1351: 1111:The Higher Banking Commission 914:Politically aligned with the 388: 2409:Governors of Banque du Liban 2239:Expansionary monetary policy 1999:. 2013-12-13. Archived from 1874:. 2014-03-03. Archived from 1648:Rose, Sunniva (2022-06-21). 1067:The Director General of the 991:30 years, 54 days 955:2 years, 142 days 918:and was later an MP for the 875:6 years, 131 days 803:8 years, 352 days 745:3 years, 292 days 671: 330:, which in turn owns 53% of 7: 2305:International Monetary Fund 1782:Tibi, Marwan (2017-09-25). 1273: 1221:International Monetary Fund 916:Progressive Socialist Party 839:2 years, 96 days 630:Banque de Syrie et du Liban 613:, at the rate of FF 20 for 345:Besides the main branch in 10: 2450: 1061:The Governor, as chairman. 1042:1 year, 60 days 594:, and also because of the 303:: Bank of Lebanon) is the 2414:Banks established in 1963 2345: 2293: 2252: 2221: 2213:Financial Stability Board 2195: 1198:Allegations of misconduct 911:6 years, 1 day 748:Was first elected to the 254: 246: 236: 228: 212: 203:Central bank of 202: 191: 180: 162: 148: 139: 1234:On August 10, 2023, the 1079:Capital Market Authority 1064:The four vice governors. 622:Banque de Syrie et Liban 603:Banque de Syrie et Liban 596:United States Government 552:of the National Bank of 2074:The Wall Street Journal 2026:Yahoo Singapore Finance 1310:Banque Libano-Française 1205:The Wall Street Journal 16:Central bank of Lebanon 1330:List of Lebanese banks 283: 2353:List of central banks 2285:Sovereign wealth fund 2280:Open market operation 1346:List of central banks 1101:anti-money laundering 430:Beirut Stock Exchange 349:, it has branches in 277: 1698:Megaphone, Startup. 1365:Jan Weidner (2017). 756:held in May 1945 in 324:Middle East Airlines 247:Interest on reserves 43:improve this article 2424:Business in Lebanon 2229:Capital requirement 2096:. Associated Press. 2076:. 30 November 2020. 1192:startup accelerator 1069:Ministry of Finance 1052:The Central Council 750:Lebanese parliament 168: (61 years ago) 166:August 1, 1963 136: 2429:Economy of Lebanon 1997:Executive Magazine 1872:Executive Magazine 1758:Commerce du Levant 1605:. 16 February 2022 1578:Al Arabiya English 1517:www.synaps.network 1325:Economy of Lebanon 1260:illicit enrichment 1202:In November 2020, 1001:illicit enrichment 869:September 6, 1978 836:September 6, 1978 824:Joseph Oughourlian 659:Maronite Christian 397:Economy of Lebanon 284: 121: 2386: 2385: 1704:Startup Megaphone 1426:www.aljazeera.com 1383:. 31 August 2023. 1049: 1048: 949:January 16, 1991 908:January 16, 1991 905:January 15, 1985 872:January 15, 1985 786: 728: 692: 636:Role and function 532: 531: 272: 271: 135: 119: 118: 111: 93: 58:"Banque du Liban" 2441: 2399:Banks of Lebanon 2310:World Bank Group 2182: 2175: 2168: 2159: 2158: 2154: 2153: 2151:Official website 2136: 2135: 2133: 2131: 2122:Stephan, Laure. 2119: 2113: 2112: 2104: 2098: 2097: 2089: 2078: 2077: 2066: 2060: 2059: 2047: 2041: 2040: 2038: 2037: 2028:. Archived from 2018: 2012: 2011: 2009: 2008: 1989: 1983: 1982: 1980: 1979: 1965: 1959: 1958: 1956: 1955: 1941: 1935: 1934: 1932: 1931: 1917: 1911: 1910: 1908: 1907: 1893: 1887: 1886: 1884: 1883: 1864: 1858: 1857: 1855: 1854: 1834: 1828: 1827: 1825: 1824: 1804: 1798: 1797: 1795: 1794: 1779: 1773: 1772: 1770: 1769: 1749: 1743: 1742: 1740: 1739: 1725: 1719: 1718: 1716: 1715: 1706:. Archived from 1695: 1689: 1688: 1686: 1685: 1670: 1664: 1663: 1661: 1660: 1645: 1639: 1638: 1636: 1635: 1620: 1614: 1613: 1611: 1610: 1595: 1589: 1588: 1586: 1585: 1570: 1564: 1563: 1552: 1546: 1545: 1538: 1532: 1531: 1529: 1528: 1508: 1502: 1501: 1498:L'Orient Le Jour 1490: 1484: 1483: 1476: 1470: 1469: 1467: 1465: 1443: 1437: 1436: 1434: 1432: 1417: 1411: 1410: 1408: 1406: 1391: 1385: 1384: 1377: 1371: 1370: 1362: 1320:FFA Private Bank 1304: 1299: 1298: 1297: 1290: 1285: 1284: 1283: 1264:money laundering 1032: 1021: 982: 972: 946: 940:Michel el-Khoury 936: 902: 892: 866: 860:Michel el-Khoury 856: 830: 820: 793: 784: 777: 739:August 28, 1963 735: 726: 719: 690: 679: 678: 524: 517: 510: 407: 393: 392: 338:–style gambling 298: 268: 265: 263: 261: 196:Wassim Manssouri 176: 174: 169: 144: 137: 134: 131: 130: 129: 128: 120: 114: 107: 103: 100: 94: 92: 51: 27: 19: 2449: 2448: 2444: 2443: 2442: 2440: 2439: 2438: 2389: 2388: 2387: 2382: 2341: 2296: 2289: 2260:Capital control 2248: 2217: 2191: 2186: 2149: 2148: 2145: 2140: 2139: 2129: 2127: 2120: 2116: 2105: 2101: 2090: 2081: 2068: 2067: 2063: 2048: 2044: 2035: 2033: 2020: 2019: 2015: 2006: 2004: 1991: 1990: 1986: 1977: 1975: 1967: 1966: 1962: 1953: 1951: 1943: 1942: 1938: 1929: 1927: 1919: 1918: 1914: 1905: 1903: 1895: 1894: 1890: 1881: 1879: 1866: 1865: 1861: 1852: 1850: 1835: 1831: 1822: 1820: 1805: 1801: 1792: 1790: 1780: 1776: 1767: 1765: 1750: 1746: 1737: 1735: 1727: 1726: 1722: 1713: 1711: 1696: 1692: 1683: 1681: 1672: 1671: 1667: 1658: 1656: 1646: 1642: 1633: 1631: 1622: 1621: 1617: 1608: 1606: 1597: 1596: 1592: 1583: 1581: 1572: 1571: 1567: 1554: 1553: 1549: 1540: 1539: 1535: 1526: 1524: 1509: 1505: 1492: 1491: 1487: 1478: 1477: 1473: 1463: 1461: 1445: 1444: 1440: 1430: 1428: 1420:Enders, David. 1418: 1414: 1404: 1402: 1393: 1392: 1388: 1379: 1378: 1374: 1363: 1359: 1354: 1300: 1295: 1293: 1286: 1281: 1279: 1276: 1200: 1141: 1113: 1097: 1081: 1054: 1025:Wassim Mansouri 1005:Ghassan Oueidat 920:Lebanese Forces 702:Time in office 674: 668: 655:Central Council 651: 638: 528: 445:Labour movement 425:Banque du Liban 391: 332:Casino du Liban 288:Banque du Liban 280:Bank of Lebanon 258: 219: 186:state ownership 172: 170: 167: 132: 124: 123: 122:Banque du Liban 115: 104: 98: 95: 52: 50: 40: 28: 17: 12: 11: 5: 2447: 2437: 2436: 2431: 2426: 2421: 2416: 2411: 2406: 2401: 2384: 2383: 2381: 2380: 2375: 2370: 2365: 2360: 2355: 2349: 2347: 2343: 2342: 2340: 2339: 2338: 2337: 2332: 2327: 2322: 2317: 2307: 2301: 2299: 2291: 2290: 2288: 2287: 2282: 2277: 2275:Money creation 2272: 2270:Interest rates 2267: 2262: 2256: 2254: 2253:Implementation 2250: 2249: 2247: 2246: 2241: 2236: 2231: 2225: 2223: 2219: 2218: 2216: 2215: 2210: 2205: 2199: 2197: 2193: 2192: 2185: 2184: 2177: 2170: 2162: 2156: 2155: 2144: 2143:External links 2141: 2138: 2137: 2114: 2099: 2079: 2061: 2042: 2013: 1984: 1960: 1936: 1912: 1888: 1859: 1843:L'Orient Today 1829: 1799: 1774: 1744: 1720: 1690: 1665: 1640: 1615: 1590: 1565: 1560:www.bdl.gov.lb 1547: 1533: 1503: 1485: 1471: 1438: 1412: 1386: 1372: 1356: 1355: 1353: 1350: 1349: 1348: 1343: 1337: 1335:Lebanese Pound 1332: 1327: 1322: 1317: 1306: 1305: 1291: 1288:Lebanon portal 1275: 1272: 1240:United Kingdom 1210:forensic audit 1199: 1196: 1184: 1183: 1180: 1176: 1172: 1168: 1164: 1161: 1140: 1137: 1136: 1135: 1132: 1129: 1126: 1123: 1120: 1112: 1109: 1096: 1093: 1080: 1077: 1076: 1075: 1072: 1065: 1062: 1053: 1050: 1047: 1046: 1043: 1040: 1037: 1036:July 31, 2023 1034: 1022: 1015: 1009: 1008: 992: 989: 988:July 31, 2023 986: 983: 973: 966: 960: 959: 956: 953: 950: 947: 937: 930: 924: 923: 912: 909: 906: 903: 893: 886: 880: 879: 876: 873: 870: 867: 857: 850: 844: 843: 840: 837: 834: 831: 821: 814: 808: 807: 804: 801: 798: 795: 778: 771: 765: 764: 746: 743: 740: 737: 723:Philippe Takla 720: 713: 707: 706: 703: 700: 697: 694: 686: 683: 673: 670: 650: 649:Governing body 647: 637: 634: 530: 529: 527: 526: 519: 512: 504: 501: 500: 499: 498: 493: 488: 483: 478: 473: 465: 464: 460: 459: 458: 457: 452: 447: 442: 437: 427: 422: 414: 413: 409: 408: 400: 399: 390: 387: 320:Lebanese Pound 270: 269: 256: 252: 251: 248: 244: 243: 240: 234: 233: 232:$ 14.7 billion 230: 226: 225: 217:Lebanese Pound 214: 210: 209: 204: 200: 199: 193: 189: 188: 182: 178: 177: 164: 160: 159: 150: 146: 145: 117: 116: 99:September 2024 31: 29: 22: 15: 9: 6: 4: 3: 2: 2446: 2435: 2432: 2430: 2427: 2425: 2422: 2420: 2417: 2415: 2412: 2410: 2407: 2405: 2404:Central banks 2402: 2400: 2397: 2396: 2394: 2379: 2376: 2374: 2371: 2369: 2366: 2364: 2361: 2359: 2356: 2354: 2351: 2350: 2348: 2344: 2336: 2333: 2331: 2328: 2326: 2323: 2321: 2318: 2316: 2313: 2312: 2311: 2308: 2306: 2303: 2302: 2300: 2298: 2295:Bretton Woods 2292: 2286: 2283: 2281: 2278: 2276: 2273: 2271: 2268: 2266: 2265:Discount rate 2263: 2261: 2258: 2257: 2255: 2251: 2245: 2244:Basel Accords 2242: 2240: 2237: 2235: 2232: 2230: 2227: 2226: 2224: 2220: 2214: 2211: 2209: 2206: 2204: 2201: 2200: 2198: 2194: 2190: 2189:Central banks 2183: 2178: 2176: 2171: 2169: 2164: 2163: 2160: 2152: 2147: 2146: 2125: 2118: 2110: 2103: 2095: 2088: 2086: 2084: 2075: 2071: 2065: 2057: 2053: 2046: 2032:on 2015-11-17 2031: 2027: 2023: 2017: 2003:on 2015-12-01 2002: 1998: 1994: 1988: 1974: 1970: 1964: 1950: 1949:www.zawya.com 1946: 1940: 1926: 1922: 1916: 1902: 1898: 1892: 1878:on 2015-09-16 1877: 1873: 1869: 1863: 1848: 1844: 1840: 1833: 1818: 1814: 1810: 1803: 1789: 1785: 1778: 1763: 1759: 1755: 1748: 1734: 1730: 1724: 1710:on 2015-11-17 1709: 1705: 1701: 1694: 1679: 1675: 1669: 1655: 1651: 1644: 1629: 1625: 1619: 1604: 1600: 1594: 1579: 1575: 1569: 1561: 1557: 1551: 1543: 1537: 1522: 1518: 1514: 1507: 1500:. 2017-11-02. 1499: 1495: 1489: 1481: 1475: 1460: 1456: 1452: 1451:The Economist 1448: 1442: 1427: 1423: 1416: 1401:. 6 June 2021 1400: 1396: 1390: 1382: 1376: 1368: 1361: 1357: 1347: 1344: 1341: 1338: 1336: 1333: 1331: 1328: 1326: 1323: 1321: 1318: 1315: 1311: 1308: 1307: 1303: 1292: 1289: 1278: 1271: 1269: 1265: 1261: 1257: 1253: 1249: 1245: 1241: 1237: 1236:United States 1232: 1228: 1226: 1222: 1217: 1215: 1211: 1207: 1206: 1195: 1193: 1188: 1181: 1177: 1173: 1169: 1165: 1162: 1158: 1157: 1156: 1152: 1148: 1146: 1133: 1130: 1127: 1124: 1121: 1118: 1117: 1116: 1108: 1106: 1102: 1092: 1089: 1085: 1073: 1070: 1066: 1063: 1060: 1059: 1058: 1044: 1041: 1038: 1035: 1033: 1031: 1026: 1023: 1020: 1016: 1014: 1011: 1010: 1006: 1002: 997: 993: 990: 987: 985:June 7, 1993 984: 981: 977: 974: 971: 967: 965: 962: 961: 957: 954: 952:June 7, 1993 951: 948: 945: 941: 938: 935: 931: 929: 926: 925: 921: 917: 913: 910: 907: 904: 901: 897: 894: 891: 887: 885: 882: 881: 877: 874: 871: 868: 865: 861: 858: 855: 851: 849: 846: 845: 841: 838: 835: 833:June 2, 1976 832: 829: 825: 822: 819: 815: 813: 810: 809: 805: 802: 800:June 2, 1976 799: 797:June 7, 1967 796: 794: 792: 787: 782: 779: 776: 772: 770: 767: 766: 763: 759: 758:Mount Lebanon 755: 751: 747: 744: 742:June 6, 1967 741: 738: 736: 734: 729: 724: 721: 718: 714: 712: 709: 708: 704: 701: 698: 695: 693: 687: 684: 681: 680: 677: 669: 666: 662: 660: 656: 646: 644: 643:public sector 633: 631: 625: 623: 618: 616: 612: 608: 604: 599: 597: 593: 589: 584: 582: 578: 574: 570: 566: 562: 557: 555: 551: 546: 544: 540: 536: 525: 520: 518: 513: 511: 506: 505: 503: 502: 497: 494: 492: 489: 487: 484: 482: 479: 477: 474: 472: 469: 468: 467: 466: 462: 461: 456: 453: 451: 448: 446: 443: 441: 438: 435: 431: 428: 426: 423: 421: 418: 417: 416: 415: 411: 410: 406: 402: 401: 398: 395: 394: 386: 384: 380: 376: 372: 368: 364: 360: 356: 352: 348: 343: 341: 337: 333: 329: 325: 321: 316: 314: 310: 306: 302: 294: 290: 289: 281: 276: 267: 257: 253: 249: 245: 241: 239: 235: 231: 227: 223: 218: 215: 211: 208: 205: 201: 197: 194: 190: 187: 183: 179: 165: 161: 158: 154: 151: 147: 143: 138: 113: 110: 102: 91: 88: 84: 81: 77: 74: 70: 67: 63: 60: –  59: 55: 54:Find sources: 48: 44: 38: 37: 32:This article 30: 26: 21: 20: 2128:. Retrieved 2117: 2102: 2073: 2064: 2055: 2045: 2034:. Retrieved 2030:the original 2025: 2016: 2005:. Retrieved 2001:the original 1996: 1987: 1976:. Retrieved 1972: 1963: 1952:. Retrieved 1948: 1939: 1928:. Retrieved 1924: 1915: 1904:. Retrieved 1900: 1891: 1880:. Retrieved 1876:the original 1871: 1862: 1851:. Retrieved 1842: 1832: 1821:. Retrieved 1812: 1802: 1791:. Retrieved 1788:Beirut Today 1787: 1777: 1766:. Retrieved 1757: 1747: 1736:. Retrieved 1732: 1723: 1712:. Retrieved 1708:the original 1703: 1693: 1682:. Retrieved 1680:. 2014-09-09 1677: 1668: 1657:. Retrieved 1654:The National 1653: 1643: 1632:. Retrieved 1630:. 2022-03-21 1628:The National 1627: 1618: 1607:. Retrieved 1602: 1593: 1582:. Retrieved 1580:. 2022-06-22 1577: 1568: 1559: 1550: 1536: 1525:. Retrieved 1516: 1506: 1497: 1488: 1474: 1462:. Retrieved 1450: 1441: 1429:. Retrieved 1425: 1415: 1403:. Retrieved 1398: 1389: 1375: 1360: 1340:Nasser Saidi 1302:Banks portal 1233: 1229: 1225:Riad Salameh 1218: 1203: 1201: 1189: 1185: 1153: 1149: 1142: 1114: 1098: 1090: 1086: 1082: 1055: 1027: 1012: 963: 927: 883: 847: 811: 788: 783: 781:Elias Sarkis 768: 730: 725: 710: 689: 675: 667: 663: 652: 639: 626: 619: 607:Ottoman Bank 600: 585: 558: 547: 533: 463:Other topics 424: 344: 317: 313:Ponzi scheme 305:central bank 287: 286: 285: 149:Headquarters 105: 96: 86: 79: 72: 65: 53: 41:Please help 36:verification 33: 1045:Ad Interim 976:Riad Salamé 896:Edmond Naïm 842:Ad Interim 785:(1924-1985) 762:Salim Takla 754:by-election 727:(1915-2006) 696:Term start 691:(Signature) 588:World War I 476:Environment 420:Agriculture 163:Established 2393:Categories 2126:. Le Monde 2111:. Reuters. 2036:2015-11-16 2007:2015-11-16 1978:2015-11-16 1954:2015-11-16 1930:2015-11-16 1906:2015-11-16 1882:2015-11-16 1853:2021-11-22 1823:2021-11-22 1793:2021-11-22 1768:2021-11-22 1738:2015-11-16 1714:2015-11-16 1684:2015-11-16 1678:Al-Monitor 1659:2022-06-22 1634:2022-06-22 1609:2022-06-22 1584:2022-06-22 1527:2021-11-16 1352:References 1256:Luxembourg 1103:(AML) and 1039:Incumbent 996:Ghada Aoun 389:Background 297:مصرف لبنان 220:LBP ( 173:1963-08-01 127:مصرف لبنان 69:newspapers 1459:0013-0613 1399:France 24 1214:Hezbollah 699:Term end 672:Governors 550:banknotes 481:Geography 440:Companies 336:Las Vegas 238:Bank rate 181:Ownership 2222:Policies 2130:8 August 2056:BBC News 1847:Archived 1817:Archived 1762:Archived 1521:Archived 1464:2 August 1274:See also 1268:Interpol 1179:clients. 1160:markets. 563:and the 496:Politics 450:Shipping 434:listings 412:Overview 367:Nabatiye 355:Baalbeck 229:Reserves 222:ISO 4217 213:Currency 198:(acting) 192:Governor 133:(Arabic) 1925:Arabnet 1431:12 July 1405:12 July 1312:S.A.L ( 1252:Germany 1171:Beirut. 1145:startup 586:During 577:Cilicia 569:Gouraud 565:British 543:Turkish 535:Ottoman 486:History 471:Culture 455:Tourism 375:Tripoli 363:Jounieh 359:Bikfaya 309:Lebanon 301:English 255:Website 207:Lebanon 171: ( 157:Lebanon 83:scholar 2297:system 2196:Global 1457:  1254:, and 1248:France 1244:Canada 1242:, and 1238:, the 705:Notes 685:Image 592:dollar 581:France 561:French 539:Levant 491:People 381:, and 347:Beirut 340:casino 293:Arabic 153:Beirut 85:  78:  71:  64:  56:  2346:Lists 1973:wamda 1901:wamda 1813:Wamda 1733:wamda 752:in a 688:Name 611:Paris 573:Syria 554:Egypt 383:Zahlé 371:Sidon 250:4.00% 242:2.75% 184:100% 90:JSTOR 76:books 2132:2024 1466:2023 1455:ISSN 1433:2021 1407:2021 1262:and 1190:The 682:No. 617:1 . 575:and 379:Tyre 351:Aley 264:.gov 262:.bdl 62:news 1603:VOA 1314:BLF 1003:by 928:(3) 307:of 266:.lb 260:www 45:by 2395:: 2082:^ 2072:. 2054:. 2024:. 1995:. 1971:. 1947:. 1923:. 1899:. 1870:. 1845:. 1841:. 1815:. 1811:. 1786:. 1760:. 1756:. 1731:. 1702:. 1676:. 1652:. 1626:. 1601:. 1576:. 1558:. 1519:. 1515:. 1496:. 1453:. 1449:. 1424:. 1397:. 1250:, 1216:. 922:. 661:. 615:£S 385:. 377:, 373:, 369:, 365:, 361:, 357:, 353:, 342:. 299:; 295:: 155:, 2181:e 2174:t 2167:v 2134:. 2058:. 2039:. 2010:. 1981:. 1957:. 1933:. 1909:. 1885:. 1856:. 1826:. 1796:. 1771:. 1741:. 1717:. 1687:. 1662:. 1637:. 1612:. 1587:. 1562:. 1544:. 1530:. 1482:. 1468:. 1435:. 1409:. 1316:) 1013:- 964:5 884:4 848:3 812:- 769:2 711:1 523:e 516:t 509:v 436:) 432:( 291:( 282:. 224:) 175:) 112:) 106:( 101:) 97:( 87:· 80:· 73:· 66:· 39:.

Index


verification
improve this article
adding citations to reliable sources
"Banque du Liban"
news
newspapers
books
scholar
JSTOR
Learn how and when to remove this message

Beirut
Lebanon
state ownership
Wassim Manssouri
Lebanon
Lebanese Pound
ISO 4217
Bank rate
www.bdl.gov.lb

Bank of Lebanon
Arabic
English
central bank
Lebanon
Ponzi scheme
Lebanese Pound
Middle East Airlines

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.