Rear View – Lebanon in review (30 May 2021)
23 May: Michel Aoun receives another letter from the Pope
27 May: Lebanon’s central bank won’t cover the cost of subsidised medicine
Lebanon’s central bank said on Thursday that a system for importing subsidised medical goods could not be sustained without using its mandatory reserves and asked the relevant authorities to find a solution to the problem.
Lebanon, which is in the throes of a financial crisis that is threatening its stability, has been subsidising fuel, wheat, medicine and other basic goods since last year.
In a statement, issued after caretaker health minister Hamad Hasan said he had visited the bank asking for the release of funds for essential medicines to no avail, the central bank – also known as the Banque du Liban – said it would not dip into its mandatory reserves to cover the $1.3bn cost of the subsidised medical supplies.
28 May: Milky Way nominates Lebanese Astrophotographer, Photographer Of The Year
Benjamin Barakat, a Lebanese photographer based in Zürich, Switzerland was nominated for the 2021 Milky Way Photographer of the Year due to his stunning Milky Way photograph.
Benjamin took his “Steinsee” photo at Susten Pass, a mountain pass in the Swiss Alps, around 2,300 meters above sea level. The astonishing photo captures the Milky Way galaxy extending above the Alps in a magnificent view that is further beautified by a small lake near its centre.
29 May: This week, Lebanon’s Central Bank will sell USD at 12,000 LBP on the “Sayrafa” platform
On Friday 27 May, Central Bank Governor Riad Salameh issued a statement saying that next week, the Central Bank of Lebanon will start selling USD dollars to the banks participating in the “Sayrafa” platform.
Salemeh also stated that: “U.S. dollars are paid exclusively with correspondent banks,” noting that the Banking Control Commission of Lebanon has been tasked with ensuring that money changers “adhere to the implementation of relevant circulars.”
30 May: A milestone of 10,452 Vaccinations was achieved in Lebanon’s Race Against The Virus
Lebanon vaccinated more than 10,000 people on Saturday as part of a day-long vaccine “marathon” organised by the health ministry to ramp up inoculation rates in the crisis-hit country.
At 6:30 PM on Saturday 29 May, a statement was issued by the health ministry, saying that 10,452 people over the age of 30 received jabs of the AstraZeneca vaccine at different facilities across the country.
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