Lebanese News and Updates – Telegram
Lebanese News and Updates
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Covering Lebanon and occasionally MENA's conflicts. And currently, the war in Palestine.
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Lebanese News and Updates
-- According to a local reporter, IDF is doing a training simulation of war. As usual IDF keep preparing to destroy Lebanon and it's infrastructure and the will of is people.
-- An IDF soldier was captured on camera by Hezbullah's media center collecting missile remains. I wonder if he's planning to sell them as scrap.
-- Interior Minister Mohammad Fahmi holds security meeting at the Interior Ministry in the presence of Major General Imad Othman, officials and security agencies.
Channel photo updated
🇺🇸🇱🇧 -- Prime Minister Hassan Diab on Tuesday held a meeting with US Ambassador to Lebanon Elizabeth Richard and an accompanying delegation at the Grand Serail.

-- The meeting reportedly focused on the most recent developments in Lebanon and the region. The pair also discussed the best means to boost US-Lebanese bilateral ties.
-- President Michel Aoun welcomed Senior adviser to the British Ministry of Defense for Middle East Affairs, General Sir John Lorimer on Tuesday at Baabda Presidential Palace.
That's a lot of activity in one day.
Lebanese News and Updates
💵💴💶💷 -- Exchange rate in Lebanon: 1$ = 2450 (sell) 1$ = 2500 (buy)
💵💴💶💷 -- The price of the dollar today, February 18, 2020 at 7:00 pm:

- Ghobeiri 2180-2220

- Ghobeiri Murad 2190-2220

- Atwi Highway 2160-2200

- Baalbek 2190-2210

- Mar Elias 2160-2215

Barbier 2170-2220
-- So did Trump just endorse the slogan of the Kataeb party?

Note: It's a joke.
-- The economic situation and exchange rate is going to get crazy in a few days. Updates soon
Lebanese News and Updates
-- The economic situation and exchange rate is going to get crazy in a few days. Updates soon
-- Bank Audi just informed his staff that all dollar based salaries won't be paid by dollar. They can only get paid in Lebanese Lira.

-- Even the 300$ each 15 days is no longer applicable. People can only get paid this 600$ a month in Lebsnese Lira.

Bank Audi is officially out of foreign currency.
Lebanese News and Updates
-- Bank Audi just informed his staff that all dollar based salaries won't be paid by dollar. They can only get paid in Lebanese Lira. -- Even the 300$ each 15 days is no longer applicable. People can only get paid this 600$ a month in Lebsnese Lira. Bank…
-- This happens when a board with no competence works with a corrupted governor of a central bank to bankroll politicians.

There is something I'll mention later today regarding the central bank's remaining liquidity and how the central bank is dealing ( not dealing) with the situation.
Lebanese News and Updates
-- This happens when a board with no competence works with a corrupted governor of a central bank to bankroll politicians. There is something I'll mention later today regarding the central bank's remaining liquidity and how the central bank is dealing ( not…
I guess bank Audi will have to either sell it's Egyptian branch and get all it's money from outside Lebanon or merge with another bank soon.

Banks merging is a serious proposal. We literally have more banks than malls.
— The head of the Bank Associations Salim Sfeir, who like other bankers and politicians own the majority of Lebanon's debt, just sold 240 million dollar worth of his share in Lebanon's EuroBond. Why did he do this ? The answer is simple is made up of two parts:

1- He needs cash for his escape plan, because when banks announce bankruptcy he'll have to resign from his post.

2- The Lebanese government and economical experts were studying the preposition of cutting Lebanon's debt, so they asked several economic firms to study this much needed proposal. Sfeir like others who own this debt don't want to lose it, and since they are Lebanese they can easily get in contact with the government and settle it. But when he plans to sell his share and cash out elsewhere, distributing this debt between thousands instead of hundreds of mostly Lebanese, he is participating in blocking one of the must needed solutions to save Lebanon.
Lebanese News and Updates pinned «— The head of the Bank Associations Salim Sfeir, who like other bankers and politicians own the majority of Lebanon's debt, just sold 240 million dollar worth of his share in Lebanon's EuroBond. Why did he do this ? The answer is simple is made up of two parts:…»
-- Financial Prosecutor presses charges against 17 money changers in Beirut.