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August 25 - 2019 Beirut drone crash: two drones, alleged to be from Israel by Lebanese authorities, crashed in the Dahieh district of Beirut. The first drone crashed into Hezbollah's Media Center, and the second drone exploded mid-air 45 minutes later. This was the first such incident between Lebanon and Israel since the 2006 war between them. [2]
Lebanon's banks reopened on 1 November 2019, after two weeks of closure, the longest bank closure in the nation's history. [121] "Unofficial" capital controls were imposed by individual banks to prevent a bank run, with personal withdrawals being limited to US$3,000 per week or per month depending on individual banks. Corporate banking activity ...
In December 2020, Lebanon's outgoing Prime Minister Diab and three former ministers were charged with negligence over the Beirut port explosion. The former ministers were former finance minister Ali Hassan Khalil, Ghazi Zeiter, and Youssef Fenianos, both former ministers of public works. Zeitar was transport and public works minister in 2014 ...
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August 25 – 2019 Beirut drone crash: According to Lebanese officials, two Israeli drones attack Beirut, Lebanon. One crashed into the roof of the Hezbollah Media Center, about 45 minutes before the second exploded in the air and damaged the building. [182] It is the first such incident between Israel and Lebanon since the 2006 Lebanon War. [183]
Bundles of Lebanese pound banknotes, their value now drastically reduced. The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine.
[5] [2] From 2019 to March 2023, the Lebanese pound lost 98% of its value, and withdrawal limits of $400 US have remained in place since 2019. [ 6 ] [ 7 ] [ 8 ] The government was forced to devalue its exchange rate with US currency by 90% in February 2023, though market value had diverged long beforehand.
On 25 June the IMF estimated the losses at $49 billion, equivalent "to 91 per cent of Lebanon’s total economic output in 2019, according to World Bank figures... almost equal to the total of value of the deposits held by the Banque du Liban from the country’s commercial banks." [152] The government of Lebanon concurred with the IMF ...