Posted By
Najib
Mar 19, 2021 03:27
Lebanon issued its first coins in 1924 in denominations of 2 and 5 with the French denominations given in Syrian piastres. The first banknotes were issued in 1925 and it was only in 1939 that the Lebanese currency became officially separated from the Syrian one. Every three Lebanese pounds were worth 1 US dollar before the Civil war, but it devaluated in the mid/late 80s and the rate was later fixed at 1507.5 Lebanese pounds…
Posted By
Najib
Mar 19, 2021 03:07
Lebanon's central bank is set to launch an electronic foreign currency trading platform to try and stabilize the exchange rate of the US dollar to the Lebanese pound. The platform will help monitor transactions and will allow banks to buy and sell fresh dollars at 3850-3900, but I don't see how banks will sell at this rate given that the market rate is 3 times as much. Exchange shops must also buy and sell foreign…
Posted By
Najib
Mar 19, 2021 04:13
Back in January, State Prosecutor for Mount Lebanon Judge Ghada Aoun charged Central Bank Governor Riad Salameh with dereliction of duty and breach of trust and Salameh was expected to appear today in front of the judge but he apologized. Judge Aoun has been investigating for over a year now claims that dollars provided by the central bank via an electronic trading platform to help people pay for essential needs and expenses were sold on…
Posted By
Najib
Mar 19, 2021 03:48
The above picture is showing the former Foreign Affairs minister, but if you visit the MFA's website and click on its social media channels, you will be directed to the former minister instead of the current one. Even better, the new minister, Charbel Wehbe in case you didn't know his name, was not even showing on the list of ministers until recently. In fact, Bassil was the last minister showing on the list of ministers.…
Baladi
4 years ago
Photographer Florian Kriechbaumer shared on his instagram yesterday rare shots from inside the Jeita Grotto. Tourists are forbidden from taking pictures inside the grotto but Kriechbaumer was exceptionally allowed to snap few shots hours after ...
Critiques
4 years ago
16 visits in the last 6 months were not enough for Aoun and Hariri to agree on a government formation. Hariri insists on forming a non-partisan government, while Aoun insists Hariri’s proposal does not meet ...
News
4 years ago
AUB Lecturer Makram Rabah tweeted earlier today that Abu Naji has unfortunately passed away. His old shop facing the AUB main gate, which dates back to the 1970s, was shutdown 10 years ago but he ...
Humor
4 years ago
Our grumpy good-for-nothing caretake PM Hassan Diab apparently has time to give interviews to foreign media. In his most recent interview with Financial Times, he was complaining on how he’s stuck in office on less ...
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