Khazen

Lebanese banks swallow at least $250m in U.N. aid

Lebanese banks swallow at least $250m in U.N. aid 1

By Timour Azhari BEIRUT (Thomson Reuters Foundation) – At least $250 million in U.N. humanitarian aid intended for refugees and poor communities in Lebanon has been lost to banks selling the local currency at highly unfavourable rates, a Thomson Reuters Foundation investigation has found. The losses – described in an internal United Nations document as “staggering” and confirmed by multiple sources – come as Lebanon grapples with its worst ever economic crisis, with more than half the population living under the poverty line, according to the World Bank. They stem from a plunge in the value of the Lebanese pound since the economy began to collapse in late 2019, sending prices soaring and forcing many Lebanese into poverty. The unfavourable exchange rates offered by Lebanese banks have hit Syrian and Palestinian refugees and poor Lebanese particularly hard as they are able to buy far less with the cash handouts they receive from the U.N.

Pre-crisis, refugees and poor Lebanese received a monthly payout of $27, equal to about 40,500 Lebanese pounds, from the World Food Programme (WFP). That has now risen to about 100,000 Lebanese pounds per person, but its real value is a fraction of what it was before – about $7 at the current rate. “The buying power used to be very good, we could get an acceptable food basket,” said Abu Ahmad Saybaa, a Syrian refugee who runs a Facebook page that highlights the challenges faced by refugees in Lebanon. “But now (the handouts) can’t get us more than a gallon of cooking oil. There’s a huge difference in purchasing power,” said the father of five, who has lived in a refugee camp in Lebanon’s rugged northeast since 2014. “It’s weighing on all of our health – mental and physical.”

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Lebanon’s Hezbollah hails Raisi’s election win in Iran

by AFP — BEIRUT: The head of Lebanon’s powerful Shiite movement Hezbollah on Sunday congratulated ultraconservative cleric Ebrahim Raisi on winning Iran’s presidential election, describing him as a “shield” against Israel and other “aggressors.” Raisi, a former judiciary chief, won nearly 62 percent of the vote in Friday’s election on turnout of 48.8 percent, after […]

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President Michel Sleiman: راحوا. كرمال عيون الصهر… راحوا.

كتب سمير عطالله الاربعاء الماضي: https://www.annahar.com/arabic/authors/15062021092352216 يردد غاسلو الأيدي ان الأزمة عمرها ثلاثون عاماً. وقد يكون في ذلك شيء من الصحة. لكن لماذا انتظرت الليرة 30 عاماً كي تنهار، والعتم 30 عاماً كي يعمم، والزبالة 30 عاماً كي تعوم، والخبز 30 عاماً كي يصبح وزيره راوول نعمة، والبنزين 30 عاماً كي يذلّ الناس طابوراً خلف […]

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EU representative blames Lebanese officials for country’s ills

EU representative blames Lebanese officials for country’s ills

by arabnews.com — Najia Houssari — BEIRUT: Josep Borrell, the high representative of the EU for foreign affairs and security policy, has criticized Lebanese officials and conveyed a “severe” message for “not forming the government after nine months of the resignation of Hassan Diab’s government and nomination of Saad Hariri as prime minister-designate.” Borrell, who is also vice president of the European Commission, said that “the Lebanese crisis is not related to surrounding conditions, nor to war in Syria, but to the political class, which bears responsibility.” The European official’s statement came after his meeting with Lebanese President Michel Aoun on Saturday at the Presidential Palace. It was the first of a set of meetings that will include the speaker of Parliament Nabih Berri, Prime Minister-designate Saad Hariri, and caretaker Prime Minister Hassan Diab. Before Borrell’s arrival to Beirut, news spread that the EU intends to impose sanctions on Lebanese officials responsible for obstructing the formation of the government. The news was based on a proposal by France, which launched an initiative last September to quickly form a rescue government to stop financial collapse in the country. However, the initiative faced significant obstacles.

Borrell stressed that the “crisis in Lebanon is locally made, and its impact is huge on the Lebanese people, for unemployment rose to 40 percent, and more than 50 percent of the Lebanese live below the poverty line. These are dramatic figures, and the Lebanese presidents and leaders should bear responsibility and form the government without delay, in addition to implementing the necessary reforms.” The European official said that “only an immediate agreement with the International Monetary Fund (IMF) will save Lebanon from a financial collapse, and there is no time to waste.” He addressed politicians, saying: “You are on the verge of a full financial collapse.”

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World Powers Meet To Prop Up Lebanese Army

breakingdefense.com — CHYRINE MEZHER — BEIRUT: The United States, Russia, China, Gulf countries, EU member states and UN representatives took part yesterday in a French-sponsored conference aimed at supporting the Lebanese Armed Forces (LAF) hit hard by unprecedented financial and economic pressures. LAF commander Gen. Joseph Aoun described his situation simply: “It is extremely hard for a military commander to seek support from foreign countries when his own state is not capable of acting and is even cutting budget.” How bad is it? “The situation is critical. If unmitigated, the economic and financial crises will inevitably lead to the collapse of all state institutions including the LAF,” he added. “The LAF, yet overstretched, remains a crucial pillar of the Lebanese State,” the French Armed Forces Ministry said in a statement after the conference. “Their cohesiveness and professionalism remain key to preserving the country’s stability from more risks.” The goal of the conference was not to provide the LAF with additional military equipment and materiel, or to finance military pay and pensions. The wide participation, Lebanese military officials say, clearly highlights that the Lebanese army is “the main pillar of the country’s stability and security, and the only legitimate power in the presence of armed groups such as Lebanese Hezbollah.”

Lebanon faces one of the worst economic downturns in its history, exacerbated by the outbreak of the Covid-19 pandemic and the huge explosion in the port of Beirut. On top of those factors, the country hosts the highest number of refugees per capita in the world, with approximately 2 million Palestinian and Syrian refugees calling Lebanon home. The LAF seeks two types of help. “The first relates to sustaining its operational capabilities, which ultimately ensures the provision of the needed spare parts, fuel, medical support and food supplies,” Aoun said. “The second relates to directly supporting the soldier as an individual to assist him in any way to overcome the economic hardship and to prevent his delinquency.” Well-informed Lebanese defense sources told Breaking Defense that the LAF presented a $100 million wish list, with $40 million for medical supplies and $60 million for food supplies and salaries. Pledges to provide the latter were offered by several participating countries, without adding further information.

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الحِيادُ هذا اللَقاحُ العجائبيُّ

 

Lebanon amends daily minimum wage law, activists protest | Al Bawaba

سجعان قزي

وزير سابق

@AzziSejean

 

ليس من الضروريِّ أن يُعلَنَ حيادُ دولةٍ أثناءَ حربٍ أو بَعدَها. فجزيرةُ مالطا اعتمدَت الحِيادَ في ظروفٍ سلميّةٍ تامّة. وكان الاتّحادُ السوفياتيُّ طليعةَ الدولِ التي أيّدت خطّيًا حِيادَها في 08 تشرين الأول 1981.

اعتمادُ نظامِ الحيادِ اللبنانيّ لا يَرتَبِطُ بواقعٍ معيَّنٍ فقط، وإلّا لاتَّـــبَــعْنا سياسةَ النأيِ بالنفسِ مرحليًّا، إنّما يَرتبطُ بطبيعةِ الوجودِ اللبنانيِّ تاريخيًّا وجُغرافيًّا وديمغرافيًّا. لا يَضمَنُ استمرارَ هذا المزيجِ اللبنانيِّ سوى الحِياد. هذه حقيقةٌ تاريخيّة. وأصلًا، ما كانت الأزَماتُ اللبنانيّةُ نَشأت لو لم تَشرُدْ مكوِّناتٌ لبنانيّةٌ عن طبيعةِ لبنان. الحِيادُ هو أحدُ الركائزِ التأسيسيّةِ لكيانِ لبنان ودولتِه. بدونِه لا لبنانَ مستقلًّا. وبالتالي أيًّا تَكن صيغةُ لبنانَ الدستوريّةُ مركزيّةً أو لامركزيّةً، فدراليّةً أو تقسيميّةً، يُلازِمُها الِحيادُ فيُعطيها مناعةَ الاستقرار. الحيادُ هو اللَقاحُ العجائبيُّ لِدَرءِ الأزَماتِ والصراعات.

نَرفضُ سياسةَ النأي بالنفسِ، لا لأنّها سيئةٌ، بل لأنّها غيرُ كافية. فالشرقُ الأوسطُ لا يُفرِزُ حربًا كلَّ مئةِ سنة، فحروبُه وصراعاتُه لا تَنقَطِعُ وتَرتَدُّ على اللبنانيّين. لذا يَحتاجُ لبنانُ نظامَ نأيٍ بالنفسِ ثابتًا، اسمُه نظامُ الحيادِ الدائم. فلا يُمكنُ للّبنانيّين أن يكونوا مَوادَّ حروبِ المنطقةِ كلّما حصل انقلابٌ في دولةٍ عربيّةٍ، أو بَرزَ في الشرقِ الأوسطِ زعيمٌ، أو رجلُ دينٍ، أو مشروعٌ توسعيٌّ، أو نزعةٌ قوميّةٌ، أو حالةٌ تكفيريّةٌ وجِهاديّة. دَفعنا غاليًّا ثمنَ هذه التجلّياتِ من الخَمسينات إلى الآن؛ فشكرًا.

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‘Financial surrealism’: Lebanese opt for beer over banks

Lebanon's Unlikely Microbrewed Beers - The Atlantic

BEIRUT, (Reuters) – Faced with the choice of leaving their savings stuck in the bank or investing them at a huge loss, some Lebanese people are opting to take a punt. For them, it’s the only sensible option in a financial system warped by crisis. Largely locked out of their dollar deposit accounts since late 2019 when the Lebanese pound crashed and the banking system buckled amid widespread political protests, some savers see investments in export-focused companies as a way to access hard currency and get something for their “lollars”, the nickname for U.S. dollar-denominated deposits ‘trapped’ in Lebanon’s banks. Alcohol exporters, including craft brewers and gin merchants, are a popular choice. “If you invest with me today trapped dollars I’ll give it back to you in fresh dollars,” said Kamal Fayad, chief executive of 961 Beer, a Lebanese beer exporter. Under informal capital controls, depositors can still write cheques on their U.S. dollar-denominated accounts but those cheques cannot be used abroad and if sold at local exchanges they lose at least 75% of their value.

The steep discount reflects the predicament of having dollars parked at Lebanese banks. Starved of dollar funding, the banks limit customers’ access to their funds and currently pay out at a rate of 3,900 Lebanese pounds to the greenback, around a quarter of the value of dollars on the black market. Fayad said he was in talks with investors to raise the equivalent of over $1 million which would include between $3 million-$4 million lollars. “Investors prefer to take the risk on me rather than keep money in the bank, at least I’m doing something good for the industry. I’m safer today to them than a bank,” he said.

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الرئيس ميشال سليمان : “يجب ان يلتئم الحوار فوراً للخروج من الإنسداد الحاصل

الرئيس ميشال سليمان : يجب ان يلتئم الحوار فوراً للخروج من الإنسداد الحاصل

By alhadeel.net —

في حوار عبر الهاتف اجرته الشراع مع الرئيس ميشال سليمان دعا فخامته الى ان تلتئم هيئة للحوار بصورة فورية للخروج من الانسداد الحاصل . .. وشرح الرئيس سليمان في هذه المسألة قائلاً: ” انا مع الدعوة الى الحوار لمتابعة البحث من النقطة التي انتهت اليها الحوارات السابقة مثلاً: 

١ – مناقشة الآلية التنفيذية لتطبيق اعلان بعبدا وبخاصة التحييد

٢- مناقشة الاستراتيجية الدفاعية التي يجب ان تختصر بعد انقضاء هذه السنوات بوضع جدول زمني لا يتعدى السنة والنصف للتخلي عن السلاح على ان يوضع قرار استعماله خلال هذه المدة عند رئيس الجمهوريةوبطلب من قيادة الجيش في كل حالة .”

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Lebanon’s crisis threatens one of its few unifiers, the army

File - in this November 22, 2018 file photo, Lebanese army special forces march during a military parade to mark the 74th anniversary of Lebanon's independence from France in downtown Beirut, Lebanon. The currency collapse has wiped out the salaries of the U.S.-backed Lebanese military, placed unprecedented pressure on the army's operational capabilities with some of the highest attrition rates over the past two years, and raised concerns about its ability to continue playing a stabilizing role while sectarian tensions and crime are on the rise. (AP Photo/Hussein Malla, File)

by apnews.com — ZEINA KARAM and BASSEM MROUE — BEIRUT (AP) — Since the civil war, through wars with Israel, militant bombings and domestic turmoil, Lebanese have considered their military as an anchor for stability, one of the only institutions standing above the country’s divisions. But the military is now threatened by Lebanon’s devastating financial collapse, which the World Bank has said is likely to rank as one of the worst the world has seen in the past 150 years. The economic meltdown is putting unprecedented pressure on the U.S.-backed army’s operational abilities, wiping out soldiers’ salaries and wrecking morale. The deterioration puts at risk one of the few forces unifying Lebanon at a time when sectarian tensions and crime are on the rise amid the population’s deepening poverty. “Such a decline could be harbinger of the kinds of instability not seen since the last time Lebanon’s political elites gutted or set adrift the Lebanese armed forces, namely in the five years leading up to the 1975-1990 civil war,” said Aram Nerguizian, senior advisor of the Program on Civil-Military Affairs in Arab States at the Carnegie Middle East Center.

The military itself has raised the alarm, unusual for a force that is perhaps unique in the Middle East in that it largely remains outside politics. Army chief Gen. Joseph Aoun warned in a speech to officers in March that soldiers were “suffering and hungry like the rest of the people.” He also openly criticized the political leadership, which has been paralyzed by infighting and has done almost nothing to address the crisis. “What are you waiting for? What do you plan to do? We have warned more than once of the dangers of the situation,” he said — a startling comment since army officers are not allowed to make political statements. A senior army official confirmed to The Associated Press that the economic situation has greatly affected morale. “There is no doubt that there is great resentment among the ranks of the military,” the official said. The official noted that “many duties are demanded of the military,” including maintaining internal stability. “The leadership is worried over developments in the security situation on the ground and the ability to deal with this issue,” the officer said, speaking on condition of anonymity in line with regulations. Supporting the army is crucial to avoid Lebanon falling into chaos, he added.

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