October Crisis Update

October Crisis Update

by | Nov 13, 2023 | LCAT Monthly Reports

Key Takeaways: Since October 8, Hezbollah and Israel have engaged in escalating tit-for-tat attacks along Lebanon’s southern border. Eleven civilians have been killed in the fighting and 31 others injured as of November 9. As of November 1, 25,708 individuals had been...
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...