| 27 February 2024, Tuesday |

A statement issued by the Banque du Liban

Banque du Liban issued the following statement: The Banque du Liban once again calls upon  the government to approve a plan to rationalize subsidies, which consequently leads to protecting  the most needy families and puts an end to the extensive smuggling at the expense of the Lebanese, and stresses that it will not use mandatory recruitment, and that the payments it is currently delivering are from Within the surplus on mandatory recruitment.

At the medical sector level of the medical sector, the Ministry of Health informed the Banque du Liban of the priority files for medical supplies. Required payments have been transferred to the banks, and transactions are underway for further payments.

As for medicines, the Banque du Liban is still waiting for the priorities that the Ministry of Health will set to inform the banks, knowing that the Banque du Liban requires selling dollars at the official price to banks, and has nothing to do directly with importers.

As for the fuel, what was required was paid to the banks to meet the credits, and the current available quantities are sufficient. This matter will be followed -up between the Ministry of Energy, the Banque du Liban and the Works Committee in the House of Representatives, in order to put a rationalization plan that ensures continuity. The current surplus is sufficient, knowing that MEDCO, which was mentioned in the last statement, has fulfilled what is required and settled its situation and delivered continuously to the market.

We hope that all companies will carry out their duties as required, given that the required quantities are available.

The Banque du Liban issued a prior approval to import wheat into Lebanon, after receiving a request from the Ministry of Economy.