Lebanon Formally Switches To $1=15,000LL

Lebanon may have a brand new official change fee of 15,000 Lebanese kilos per US greenback beginning February 1, as introduced by Central Financial institution Governor Riad Salameh. The brand new fee represents a 90% devaluation from the present official fee of 1,507, which has remained unchanged for 25 years. Nonetheless, this new fee continues […]

Berri and Jumblatt Say “Moawad Has No Possibilities” To Turn into President

In a gathering held in Ain al-Tineh, parliament speaker Nabih Berri and PSP chief Walid Jumblatt confirmed that Michel Moawad has no probability of changing into the following President of Lebanon. The 2 politicians agreed on the necessity to contemplate different names within the presidential race and Berri isn’t vetoing the military commander’s potential candidacy. […]