Lebanon goes into COVID-19 lockdown for Orthodox Easter weekend
Lebanese in several regions are taking to the streets to protest living conditions Updated 09 June 2021 June 08, 2021 21:35 BEIRUT: The Lebanese pound hit a new low on the black market, reaching 14,000 for $1 after it had been somewhat stable in recent weeks at 12,000. This coincided with a new circular from the Banque du Liban (BDL) instructing commercial banks to gradually repay foreign currency deposits from July. The circular comes into effect as of June 30 for one year, subject to change or renewal. Under the circular, a depositor can withdraw $400 per month either in banknotes, by tran...