| 19 June 2024, Wednesday |

Will the exchange rate of bank withdrawals be raised from 3,900 to 10,000 LBP?

Truck drivers strike in Beirut Port calling for salary readjustments after amending the cost of transportation

The National Federation of Employees’ and Workers’ Unions in Lebanon (FENASOL), and the Constituent Committee of the Drivers Syndicate in the Port of Beirut called truck drivers to a general strike on Tuesday, starting 6 am.

Truck drivers will demand readjusting their salaries after it eroded as the deteriorating currency meant their wages has fallen more than 95 percent for the same workload. Although the company owners and customs clearance agencies in the port of Beirut has adjusted transport allowance on the basis of the fresh dollar.

The National Union and the committee announced that they are not responsible for any delay in unloading containers, refrigerators and other transportation services at the port of Beirut.

A proposal to raise the exchange rate of bank withdrawals from 3,900 to 10,000 LBP

The money supply will not rise because the withdrawal ceilings in LBP will not change

The Finance and Budget Parliamentary Committee will discuss, in its session on Tuesday, a proposal to raise the dollar exchange rate for cash bank withdrawals from 3,900 to 10,000 LBP, with the aim to reduce “haircut” from 85 to 50 percent for depositors who are withdrawing their money from banks.

Confrontation between hospitals and banks ongoing

Syndicate of Hospitals asked hospitals to suspend the admission of some bank employees

The Head of the Syndicate of Private Hospitals, Sleiman Haroun, circulated a letter to the hospitals, requesting that they suspend the admission for employees of a number of banks, issued by any public or private guarantor, indicating that the patients who belong to these banks are obliged to pay their bills in cash upon entry.

Haroun stressed that the patient should not be exposed to any health damages as a result of this measure.

  • Sawt Beirut International