August Crisis Update

August Crisis Update

by | Sep 11, 2023 | LCAT Monthly Reports, LCAT Reports

Key Takeaways: Fighting between rival factions in the Ain el Hilweh Palestinian refugee camp killed 13 people and heavily damaged multiple neighborhoods in late July and early August. After the clashes subsided, the United Nations Relief and Works Agency for Palestine...
July Crisis Update

July Crisis Update

by | Aug 8, 2023 | LCAT Monthly Reports, LCAT Reports

Key Takeaways: Central Bank Vice Governor Wassim Mansouri was named acting Central Bank governor after the cabinet failed to select a successor to former Central Bank Governor Riad Salameh. Prior to taking on his new position, Mansouri and three other vice governors...
June Crisis Update

June Crisis Update

by | Jul 8, 2023 | LCAT Monthly Reports, LCAT Reports

Key Takeaways: The Lebanese pound (LBP) parallel market exchange rate has been largely stable for three consecutive months and averaged LBP 93,500 per 1 US dollar (USD) in June. Daily average Sayrafa transactions increased in June compared to May, a key driver of LBP...
May Crisis Update

May Crisis Update

by | Jun 8, 2023 | LCAT Monthly Reports, LCAT Reports

Key Takeaways: The Lebanese Pound (LBP) parallel market exchange rate stabilized around LBP 94,500 per 1 US dollar (USD) in May, aided by Central Bank interventions. Commercial banks operated without significant interruption, enabling regular transactions on the...
April Crisis Update

April Crisis Update

by | May 5, 2023 | LCAT Monthly Reports, LCAT Reports

Key Takeaways: The Lebanese national government implemented a range of new policies regarding Syrian refugees in Lebanon, in addition to raiding Syrian national’s residences, a portion of whom were deported. An increase in raids and deportations earlier in the month...