Lebanese Central Bank holds $17.5 billion in gold reserves: Banque du Liban chief

The central bank chief also denied recent comments by a high official saying the country is 'bankrupt'

Lebanese security forces conduct fruitless raid on home of central bank governor

Riad Salameh has continuously evaded arrest and subpoena warrants for his role in the 2019 financial collapse

Lebanon’s wheat reserves empty due to manufactured crisis

A multitude of avoidable circumstances have led to the lack of wheat supplies in Lebanon, forcing bakers to shut down operations

Lebanese central bank pursues non-repatriated funds of elite, political individuals

The Lebanese central bank, Banque du Liban, has been mired in controversy since the beginning of the country's economic meltdown

EU inspectors launch probe against Lebanon’s central bank chief

According to European judicial documents, since 2002, Riad Salameh embezzled hundreds of millions in public funds using a shell company registered in the Virgin Islands

Lebanese president boycotts budget and delays new exchange rate

A dollar currently fetches around 38,000 Lira on the black market

‘It won’t happen overnight’: Lebanese PM on new official exchange rate

Lebanese authorities are looking to close the gap between the 'official' exchange rate and the widely used black market rate in order to receive an IMF loan

Lebanon to slash official exchange rate

In addition to official and parallel market exchange rates, people have struggled with unfavorable rates for the withdrawal of Lebanese pounds

Lebanese lira plunges to new low after lift of fuel subsidies

Lebanon's economic meltdown, caused by rampant corruption of the financial elites, have razed salaries and created a severe migrant crisis

Saad Hariri and the collapse of Lebanon

The Syrian regime-change war and Lebanon's economic collapse happened under Saad Hariri's watch, but the Future Movement leader is seldom mentioned for the pivotal role he played in Lebanon's unravelling

Lebanese bank will drop lawsuit against client who took hostages to access savings

Lebanese banks imposed strict capital controls in 2019, preventing depositors from accessing their own money in the middle of a crisis created by the financial elite

Syrian refugees face growing xenophobia in Lebanon as economic crisis worsens

Politicians and the media blame Lebanon's economic woes on refugees, despite international organizations pointing at the financial elite as the cause of the manufactured crisis

Lebanese PM wants to freeze corruption case against central bank chief

The PM-designate made his suggestion after Lebanese security forces raided the Beirut headquarters of the central bank in search of Riad Salameh

Lebanon aims to finalize fuel deals with Egypt and Iraq

While ignoring long term solutions to Lebanon's energy crisis, officials have high hopes in finalizing deals with Egypt and Iraq to buy fuel for dormant Lebanese power plants

Lebanon’s Central Bank governor sues state over embezzlement probe

The counter-suit may stall the investigation into the financial crimes of the Salameh brothers and their role in Lebanon's financial collapse

‘Lebanese health sector is dying’: Health Minister

Lebanon’s Minister of Health also expressed his support for a strike by healthcare workers, who are demanding the payment of their wages

Lebanese currency hits all-time low as healthcare workers, bakers strike

Since 2019, Lebanon has been experiencing the world's worst economic crisis in 150 years, according to the World Bank

Lebanese government passes reform plan before end of mandate

The plan is part of the government's attempt to adhere to stringent IMF demands

Yemen calls on Lebanese bank to release frozen funds

Yemen’s inability to access its foreign reserves has impeded its importation of basic commodities

Lebanese Central Bank guilty of human rights violations: UN

UN officials have lambasted Lebanon for 'appalling levels of wealth concentration at the top, 'tax policies that favor evasion,' and for an 'inadequate social protection system'

World Bank obstructs Egyptian energy transfer to Lebanon

The World Bank has said that it first needs to conduct a 'political feasibility study' before the funding is approved

Lebanese Christian leader accuses US of creating economic collapse

The leader of the popular Free Patriotic Movement has had a political alliance with Hezbollah for almost two decades

Lebanon extends credit line for wheat at last minute to avert crisis

The release of funds comes days after the bread-making industry announced there was no wheat left in storage and their factories had stopped producing bread

Lebanese Central Bank withholds funds needed to operate power stations

The World Bank has revealed that Lebanon's central bank and ministry of finance have failed to disburse necessary funds for the transfer of energy from Egypt

Lebanon reaches agreement on reform plan with IMF

The reforms include a complete restructuring of the banking sector and the stabilization of currency exchange rates

UN halts emergency aid for Lebanon, urges officials to find solution for fuel crisis

The UN aid plan was launched with the intention of providing fuel support for hospitals and water facilities across Lebanon

Lebanese Deputy PM says country is bankrupt

The monetary losses will allegedly be distributed between the central bank, depositors, and other banks

Lebanese judiciary seeks freeze on foreign assets of Central Bank governor

Officials believe Salameh's overseas assets belong to Lebanon and fear the EU seizure may result in the loss of much-needed funds in the face of the catastrophic economic collapse

IMF sets final conditions for Lebanon grant

The IMF says that this is Lebanon's last chance and expects written guarantees that the government will adhere to its stringent demands

Lebanese judge sets $20mln bail for brother of central bank governor

The judge in charge of investigating central bank chief Riad Salameh for illicit enrichment has also postponed his questioning until June