Banque duliban which country

Jennah Huxley, Assistant, jennah. Andrea Grifoni, Policy Analyst, Andrea. Grifoni oecd. Pascale Ojeil, Corporate Governance Unit, pojeil bdl. Its partial or total privatisation has been a recurring question since its recovery in the s. Yet the BDL, like every other central bank, is not supposed to manage commercial assets long-term, whether they an airline or, more unusually, a casino, as is the case with the Casino du Liban, on the Beirut Corniche, in which it has an indirect long-term stake.

But in summer the praise felt like a pre-emptive PR campaign: for months, rumours of devaluation had been rife in Lebanon. Despite BDL denials, the Lebanese gradually realised their economy was in trouble. Barely a year later, in October , social unrest erupted in Beirut and spread nationwide 1. The pound began to look shaky on the black market. In March , during the Covid pandemic, the state defaulted on its foreign debt for the first time in its history.

Then, on 4 August, there was a huge explosion in the port of Beirut. The economy crashed as the pound fell sharply and forex reserves evaporated. The people, with no access to foreign currency savings, suffered shortages of medicines and basic goods, and power cuts became more frequent. Fights broke out in the long petrol queues that formed before dawn, and shopkeepers spent the night in their stores to deter looters.

SUSE Luxembourg. SUSE Nederland. SUSE Polska. SUSE Suomi. About Us. Success Stories. Investor Relations. Social Impact. Merchandise Store. Salameh, 70, has run the bank since and for years was widely regarded as a symbol of financial stability in Lebanon. But in a nexus of political and socio-economic factors plunged the country into its worst liquidity crisis in its recent, tumultuous history.