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IMF Negotiations

By kfarah
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    IMF Negotiations

  • Lebanon defaults on $1.2 billion Eurobond

    Lebanon defaults on $1.2 billion Eurobond
    On March 9th Lebanon did not repay a $1.2bn Eurobond, the first sovereign default in the country's history
  • Fitch Downgrades Lebanon's Long-Term Foreign-Currency IDR to 'RD'

    Fitch Downgrades Lebanon's Long-Term Foreign-Currency IDR to 'RD'
  • BDL Circular No. 148

    BDL Circular No. 148
    BDL Circular No. 148 Enables Small Bank Depositors to Withdraw their Money Despite Capital Controls. The central bank’s Circular No. 148 published on April 03rd 2020, stipulates that BDL allowed small Lebanese depositors whose bank deposits do not exceed LBP 5M, to perform withdrawal and/or other cash transactions. These also have the option to convert their savings into USD at the “official rate”, but they can only withdraw them in LBP at the “market rate”.
  • BDL Circular No. 151

    BDL Circular No. 151
    BDL Circular No. 151 Enables Bank Depositors to Convert their Foreign Currency Accounts to Lebanese Lira at Market Rates
  • lira trading at 4,000

    lira trading at 4,000
  • IMF talks hit a roadblock

    IMF talks hit a roadblock
  • Henri Chaoul resigns

    Henri Chaoul resigns
  • Alain Bifani resigns

    Alain Bifani resigns
  • lira drops to 9,800

    lira drops to 9,800
  • Beirut Port explosion

    Beirut Port explosion
  • Hassan Diab's government resigns

    Hassan Diab's government resigns
  • Mustapha Adib, Lebanon's new PM-designate

    Mustapha Adib, Lebanon's new PM-designate
  • PM-designate Mustapha Adib resigns

    PM-designate Mustapha Adib resigns
  • Saad El Hariri, new PM-designate

    Saad El Hariri, new PM-designate
  • Judge Fadi Sawwan removed by the Court of Cassation

    Judge Fadi Sawwan removed by the Court of Cassation
  • Judge Tarek Bitar appointed as new lead investigator in Beirut blast probe

    Judge Tarek Bitar appointed as new lead investigator in Beirut blast probe
  • lira crosses 10,000 for first time

    lira crosses 10,000 for first time
  • lira crosses 15,000

    lira crosses 15,000
  • BDL Basic Circular 158

    BDL Basic Circular 158
    BDL Basic Circular 158: Exceptional Arrangements for Gradual Withdrawal of Foreign Currency Deposits
  • lira crosses 20,000

    lira crosses 20,000
  • PM designate Hariri resigns

    PM designate Hariri resigns
  • PM Mikati forms a new government

    PM Mikati forms a new government
  • Lebanon receives $1.135 bln in SDRs from IMF

    Lebanon receives $1.135 bln in SDRs from IMF
    Lebanon's finance ministry said the central bank received $1.135 billion on Sept. 16 in International Monetary Fund Special Drawing Rights (SDRs). The new allocation of the IMF's reserve currency is comprised of $860 million from 2021 and $275 million from 2009, a statement by the ministry said.
  • lira briefly rallies to below 14,000

    lira briefly rallies to below 14,000
  • New ministerial statement

  • New negotiating team

    Deputy Prime Minister Saad Chami, the Finance Minister Youssef Khalil, the Economy Minister Amin Salam, the Banque du Liban governor Riad Salame and two advisers to President Michel Aoun, Charbel Kardahi and Rafik Haddad.
  • Beirut armed clashes (Tayouneh)

    Beirut armed clashes (Tayouneh)
  • Jihad Azour confirms talks are progressing

    Jihad Azour confirms talks are progressing
  • Chami televised interview

    Chami televised interview
    Chami gives more details about EEF facility and how the Lebanese government is planning to deal with the negotiations
  • Mikati announces unified numbers

  • Riad Salame says no numbers have been given to IMF yet

    Riad Salame says no numbers have been given to IMF yet
    Lebanon has yet to give IMF figure for financial losses, central bank governor says (Reuters)
  • lira drops to new low at 24,100

    lira drops to new low at 24,100
  • transportation allowance increased to 65,000 from 24,000

    transportation allowance increased to 65,000 from 24,000
  • Salame says liquidity at $14b incl. SDRs

    Salame says liquidity at $14b  incl. SDRs
  • Lazard to present amended financial recovery plan

    Lazard to present amended financial recovery plan
  • Joint commission fails to discuss the capital control draft law

    Joint commission fails to discuss the capital control draft law
  • Kurdahi resigns, lira briefly drops to 22,000

    Kurdahi resigns, lira briefly drops to 22,000
  • Capital control draft law fails to be passed

    Capital control draft law fails to be passed
  • BDL’s Circular 601 ups lollar rate to LL8,000 / limit $3,000

    BDL’s Circular 601 ups lollar rate to LL8,000 / limit $3,000
  • Financial sector losses $68-69 billion: Chami to OTV

    Financial sector losses $68-69 billion: Chami to OTV
  • lira 26,000

    lira 26,000
  • circular 161, lollar for USD

    circular 161, lollar for USD
  • #Lebanon #reserves down to $12.5 billion: central bank chief told @AFP

    #Lebanon #reserves down to $12.5 billion: central bank chief told  @AFP
  • lira drops to 29,250

    lira drops to 29,250
  • lira drops to 30,000

    lira drops to 30,000
  • CB expands on 161, removes quotas

    CB expands on 161, removes quotas
  • lira drops to 33,700

    lira drops to 33,700
  • lira strengthens to 24,000

    lira strengthens to 24,000