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Toward a new showdown between BDL and Finance Ministry over the ‘fiscal dollar’

Tax collection in foreign currency, as proposed by Finance Minister Yassine Jaber, is based on a new provision in the 2026 budget.

Toward a new showdown between BDL and Finance Ministry over the ‘fiscal dollar’

The General Directorate of the Finance Ministry in Adlieh, Jan. 16, 2026. (Credit: Philippe Hage Boutros/L’Orient-Le Jour)

Facing the prospect of a dollar shortage and that of external aid linked to the war, the Finance Ministry is reportedly considering strengthening its ability to collect revenues and spend directly in foreign currency. This comes in a monetary context where a sharp increase in spending in Lebanese lira could reignite pressure on the exchange rate.Since the beginning of the week, a sensitive debate has intensified with Banque du Liban (BDL) over an issue that is as technical as it is political, L’Orient-Le Jour has learned from several sources familiar with the discussions.The pertinent question is, can — and more importantly, should — the state collect part of its taxes, duties, and fees in U.S. dollars?At first glance, the issue appears purely administrative. It relates to a new provision in the 2026 budget, which authorities have yet to...
Facing the prospect of a dollar shortage and that of external aid linked to the war, the Finance Ministry is reportedly considering strengthening its ability to collect revenues and spend directly in foreign currency. This comes in a monetary context where a sharp increase in spending in Lebanese lira could reignite pressure on the exchange rate.Since the beginning of the week, a sensitive debate has intensified with Banque du Liban (BDL) over an issue that is as technical as it is political, L’Orient-Le Jour has learned from several sources familiar with the discussions.The pertinent question is, can — and more importantly, should — the state collect part of its taxes, duties, and fees in U.S. dollars?At first glance, the issue appears purely administrative. It relates to a new provision in the 2026 budget, which authorities have...
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