October Crisis Update

October Crisis Update

Key Takeaways: President Michel Aoun’s six-year term ended on October 31, after the parliament failed to elect his successor, despite holding four electoral sessions in October. Established parties have not signaled that they will soon agree on a so-called “consensus...
August Crisis Update

August Crisis Update

Key Takeaways: The value of the Lebanese Pound (LBP) fluctuated against the US dollar (USD) throughout August and by the end of the month depreciated to about LBP 33,000. The depreciation appears to have been triggered by a continued decline in Sayrafa exchanges...
July Crisis Update

July Crisis Update

Key Takeaways: The value of the Lebanese Pound (LBP) depreciated slightly against the US dollar (USD) throughout most of July and ended the month at about LBP 30,000. The depreciation appears to have been triggered by a decline in Sayrafa exchanges compared to...
June Crisis Update

June Crisis Update

Key Takeaways: Despite fluctuating throughout June, the Lebanese pound’s (LBP) value against the US Dollar (USD) did not sharply depreciate due to the Central Bank’s ongoing intervention via Circular 161. However, this period of relative stability is threatened by the...