May Crisis Update

May Crisis Update

by | Jun 6, 2022 | LCAT Monthly Reports

Key Takeaways: Lebanon held national elections on May 15, the first since the country’s economic crisis began in 2019 and the August 2020 Beirut port blast. No parliamentary block or political alliance won a clear majority, unlike in the previous parliament....
April Crisis Update

April Crisis Update

by | May 9, 2022 | LCAT Monthly Reports

Key Takeaways: The Lebanese Pound (LBP) depreciated in April to 27000, likely due to an increase in LBP in circulation and reduced Sayrafa injections. This possibly marks a shift in the Central Bank policy since January of stabilizing the LBP within the 20-25000...
March Crisis Update

March Crisis Update

by | Apr 11, 2022 | LCAT Monthly Reports

Key Takeaways: The Lebanese pound’s (LBP) value against the US dollar (USD) declined in March, largely over concerns about how long Circular 161 will remain in force and multiple probes targeting the banking sector locally and internationally. Investigations into the...
February Crisis Update

February Crisis Update

by | Mar 7, 2022 | LCAT Monthly Reports

Key Takeaways: The Lebanese Pound (LBP) was relatively stable throughout February after rebounding in January. It is unclear whether the Central Bank will be able to maintain the rate, especially in the face of declining reserves and a rising trade imbalance driven in...
January Crisis Update

January Crisis Update

by | Feb 7, 2022 | LCAT Monthly Reports

Key Takeaways: In an unexpected development, the Central Bank intervened in the currency market to stabilize the Lebanese Pound (LBP), which recovered from a low of LBP 33,000 to one US dollar (USD) on January 11, to about LBP 20,000 by the end of the month. The...