Corruption
23 events
- 14 October 1966Collapse of Intra BankOn 14 October 1966 Intra Bank, the largest bank in Lebanon and the institution of Yousef Beidas, which owned Middle…
- 13 July 2003Collapse of Bank al-Madina; Rustom Ghazaleh accused of siphoning $72mIn 2003 Bank al-Madina collapsed with a gap estimated at between 1.2 and 1.65 billion dollars. Its chairman Adnan Abou…
- 21 November 2013The Rhosus enters Beirut port with 2,750 tons of ammonium nitrateOn 21 November 2013 the Russian-chartered, Moldovan-flagged ship "Rhosus" docked at the port of Beirut, coming from…
- 23 October 2014The ammonium nitrate unloaded into Hangar 12By decision of the Beirut judge of urgent matters (429/2014) on 26 September 2014, the unloading of the cargo and its…
- 17 July 2015The garbage crisis
- June 2016The Banque du Liban "financial engineering"From 2016 the governor of the Banque du Liban, Riad Salameh, launched what were called the "financial engineerings":…
- 17 October 2019The October protestsOn 17 October 2019 demonstrations broke out in every region after a proposed tax on WhatsApp calls, and turned into an…
- 1 November 2019Banks close and informal capital controls beginIn November 2019, after a two-week closure since 17 October, the banks reopened with unlawful restrictions on…
- 7 March 2020Lebanon defaults on its EurobondsOn 7 March 2020 Hassan Diab announced the suspension of payment on 1.2 billion dollars of Eurobonds due on 9 March, the…
- 21 April 2020Circular 151: the "lollar" at 3,900
- 29 April 2020Diab publicly attacks the central bank governor
- 14 May 2020Cabinet orders seizure of goods smuggled to Syria: subsidised fuel and flour
- 4 August 2020The port explosionOn 4 August 2020, 2,750 tonnes of ammonium nitrate stored in hangar 12 of the port of Beirut since 2014 exploded,…
- 8 September 2020Sanctions on Ali Hassan Khalil and Youssef FenianosOn 8 September 2020 Washington sanctioned the former ministers Ali Hassan Khalil (Amal) and Youssef Fenianos (Marada)…
- 6 November 2020Sanctions on Gebran BassilOn 6 November 2020 the US Treasury placed the head of the Free Patriotic Movement Gebran Bassil on the sanctions list…
- 2 March 2021The dollar passes 10,000 liraOn 2 March 2021 the dollar passed 10,000 lira on the parallel market, and protests and road closures broke out in every…
- 11 August 2021Fuel, power and medicine shortages
- 11 August 2022The Alvarez & Marsal forensic audit of the central bank
- 14 September 2022Depositors storm the banks: the Sali Hafez case
- 1 February 2023Official rate moved to 15,000On 1 February 2023 the Banque du Liban changed the official exchange rate from 1,507.5 to 15,000 lira to the dollar,…
- 21 March 2023The dollar passes 100,000 liraIn March 2023 the dollar passed 100,000 lira and reached about 140,000 on 21 March before falling back and settling…
- 16 May 2023French arrest warrant for Riad SalamehOn 16 May 2023 the French judiciary issued an international arrest warrant for the Banque du Liban governor Riad…
- 31 July 2023Salameh's term ends; Mansouri takes over as acting governorOn 31 July 2023 Riad Salameh left the Banque du Liban after thirty years without a successor being appointed, and the…