Man waving amid war destruction. (Credit: Mohammad Yassin).
-The Banque du Liban (BDL) has asked Lebanese banks to pay clients benefiting from the withdrawal mechanisms established by its Circulars No. 158 and 166 the equivalent of two monthly withdrawals in November, in a security context marked by Israel’s ongoing war on Lebanon.The institution, led by interim governor Wassim Manssouri, is reiterating an exception that was first applied in October, but with three monthly withdrawals. In total, beneficiaries of these regulations have so far been eligible for five monthly payments.-While Lebanon remains heavily reliant on imports, serums are one of the few products that are produced entirely locally, with three local players covering 100 percent of the current demand. In 2023 alone, they had supplied the market with roughly 10 million IV fluid bags. Two of the three producers saw their production...
-The Banque du Liban (BDL) has asked Lebanese banks to pay clients benefiting from the withdrawal mechanisms established by its Circulars No. 158 and 166 the equivalent of two monthly withdrawals in November, in a security context marked by Israel’s ongoing war on Lebanon.The institution, led by interim governor Wassim Manssouri, is reiterating an exception that was first applied in October, but with three monthly withdrawals. In total, beneficiaries of these regulations have so far been eligible for five monthly payments.-While Lebanon remains heavily reliant on imports, serums are one of the few products that are produced entirely locally, with three local players covering 100 percent of the current demand. In 2023 alone, they had supplied the market with roughly 10 million IV fluid bags. Two of the three producers saw their...