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

Lebanese people take to the streets in protest after lira hits new low

The World Bank has called Lebanon's economic crisis the worst since 1850

Lebanese migrants responsible for over half of Lebanon’s GDP

Lebanon has become the most remittance-dependent country in the world thanks to decades of systemic corruption and mismanagement in the financial sector

US court ruling opens door for Lebanese banks to be prosecuted on foreign soil

Lebanon's financial institutions have evaded any responsibility for their role in the crisis gripping the nation, and have instead placed the burden on regular citizens

Lebanese president boycotts budget and delays new exchange rate

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

Germany, France ask to bypass Lebanese judges ‘impeding’ corruption probe into central bank chief

Riad Salameh faces money laundering and embezzlement charges in France, Germany, Luxembourg, Lichtenstein, Switzerland, and Lebanon

Lebanese banks seek dialogue with depositors to stop heists

Lebanese banks allege they are 'victims' of the manufactured crisis that saw the lira lose over 90 percent of its value as a result of rampant corruption and mismanagement in the financial sector

‘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

Lebanese banks begin partial reopening following heist spree

A number of banks have remained shut, while those that reopened have significantly increased their security

UN to finalize plans for US-funded salary support for Lebanese army

The United States is the largest aid donor to Lebanon, having provided $125 million in the fiscal year 2022 to the WFP and NGOs

New depositor holds up Lebanese bank as activists warn of ‘daily raids’

Desperate Lebanese citizens have been holding up banks in a last-ditch attempt to retrieve their savings, after getting locked out from their money for the last three years

Lebanese depositor holds up bank to access savings for second time in weeks

A woman armed with a toy gun was able to receive just over half of her own savings after spending weeks pleading with officials for help in paying for her sister's cancer treatment

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

Lebanese PM threatens to expel over one million Syrian refugees

Mikati's warning comes amid reports that his caretaker government may give up the right to a gas field within Lebanon's maritime border to Israel

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 banking association opposes financial recovery plan

The announcement comes on the same day that the Lebanese currency hit a record high of 33,500 liras per one US dollar

Lebanese government passes reform plan before end of mandate

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

Final results for Lebanese election show no clear majority alliance

Independent candidates made big strides, winning over a dozen parliament seats, while the Saudi-backed Lebanese Forces party gained 19 seats

Lebanese government ignores Russian wheat, oil offer despite crisis: Report

Russia also offers to sell fuel to power Lebanon's power plants, pricing the sales in Lebanese liras instead of foreign currencies

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

Hezbollah, Amal urge Lebanese state to accept Iranian electricity proposal

For years Lebanon has been unable to provide uninterrupted power to its citizens, leaving many to suffer as less and less are able to afford the rising costs of private generators

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

Lebanese parliament to review long-awaited capital control law

Banks have imposed informal capital control laws since the 2019 economic and currency collapse, denying Lebanese people access to their savings

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

Lebanese security forces launch manhunt for Central Bank Governor Riad Salameh

In January, a Lebanese court issued a travel ban on Salameh, who is being criminally investigated in at least three European countries

Lebanese government discusses 2022 budget during first meeting in three months

The long-awaited meeting comes after Hezbollah and the Amal Movement ended their boycott of cabinet sessions following the Tayouneh massacre last October

Lebanese Central Bank announces measures to prevent further currency devaluation

The Central Bank set a new lira withdrawal rate, in addition to further measures, promoted as a means to alleviate Lebanon's economic crisis

Lebanese currency plunges in value to historic low

Since 2019 the Lebanese Lira has lost over 90% of its value amidst an ever-worsening economic and political crisis

Medicine prices soar after Lebanese government lifts subsidies

The latest blow against Lebanese citizens comes amid UN reports that nearly 80 percent of the population are living below the poverty line

Lebanese government raises the price of gasoline by 16% as it moves to end fuel subsidies

The latest price hike comes just four days after authorities increased fuel prices by 37 percent