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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 ...
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]
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Lebanon, [b] officially the Republic of Lebanon, [c] is a country in the Levant region of WestSituated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, [11] it is bordered by Syria to the north and east, Israel to the south, and the Mediterranean Sea to the west; Cyprus lies a short distance from the coastline.
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Syrian Civil War spillover in Lebanon - Between 2011 and 2017, fighting from the Syrian Civil War spilled over into Lebanon as opponents and supporters of the Syrian Arab Republic traveled to Lebanon to fight and attack each other on Lebanese soil. The Syrian conflict stoked a resurgence of sectarian violence in Lebanon. 2019: October
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 ...