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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. [122] "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]
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.
October 9 – The country's two largest power stations shut down due to a fuel shortage resulting in a nationwide power cut. [17]October 14 - Clashes break out in the Eastern Beirut neighborhood of Tayouneh between insurgents at the Justice Palace of Hezbollah and the Amal Movement, during a Hezbollah protest and allies against Tarek Bitar, the lead judge probing the 2020 explosion in the city ...
[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.
Lebanon, [c] officially the Republic of Lebanon, [d] is a country in the Levant region of West Asia.Situated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, [13] 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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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]