News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
21
o
Mount Lebanon
21
o
Metn
22
o
Keserwan
22
o
North
22
o
South
21
o
Bekaa
20
o
Live
Video
Audio
Schedule
shows
العربية
watching now
The Stage
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
21
o
Mount Lebanon
21
o
Metn
22
o
Keserwan
22
o
North
22
o
South
21
o
Bekaa
20
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
EDL raises alarm over exchange rate discrimination to BDL
Lebanon Economy
2023-03-08 | 09:04
High views
Share
Share
3
min
EDL raises alarm over exchange rate discrimination to BDL
Electricity bills worth one trillion Lebanese lira have been printed by Electricite du Liban (EDL) since February 18, 2022, at a value of approximately 20 million US dollars, based on an exchange rate of LBP 52,320 to the dollar, thus according to Sayrafa rate plus 20 percent at the time of issuance.
Consequently, the collection process gradually began in various regions.
Since that date, the Sayrafa exchange rate has increased to LBP 70,000, raising a question for EDL:
Should they continue collecting bills based on the old exchange rate of LBP 52,320?
Is it fair for those who have already paid their bills to pay at the old rate, while those who have not yet paid to pay at the higher Sayrafa exchange rate, and who will bear the consequences of this discrimination?
Will the Central Bank of Lebanon accept purchasing dollars for EDL at the old Sayrafa exchange rate?
All of these questions stem from letters that EDL sent to the Governor of the Central Bank, Riad Salameh, seeking clarifications, but they have yet to receive any response to their inquiries.
Sources at EDL said that the solution to this problem lies in the Central Bank adopting a fixed exchange rate for the electricity dollar for two months, so that there will be no distinction in the value of bills.
Based on this fixed exchange rate, EDL will then know how much their financial revenues are in Lebanese lira.
These sources also pointed out that $85 million has been paid from the $300 million loan to purchase fuel and oil gas.
EDL has also paid $13 million to the Central Bank in this regard, and the need for more of this loan has become necessary to purchase more fuel for production facilities.
Sources at EDL said that the remaining amount of the loan for purchasing fuel is about $165 million, and the company will work on cost-cutting while continuing to succeed in removing encroachments, activating collection, and achieving financial balance.
Breaking Headlines
Lebanon News
Lebanon Economy
News Bulletin Reports
EDL
BDL
Electricity
Lebanon
Next
Lebanon's Economy Ministry, WFP sign agreement to enhance price transparency and consumer protection
Recommended For You
d-none hideMe
0
Lebanon Economy
02:15
Fuel prices decrease in Lebanon
Lebanon Economy
02:15
Fuel prices decrease in Lebanon
0
News Bulletin Reports
2024-04-23
US lawsuit raises stakes for Lebanon's financial institutions
News Bulletin Reports
2024-04-23
US lawsuit raises stakes for Lebanon's financial institutions
0
News Bulletin Reports
2024-04-23
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
News Bulletin Reports
2024-04-23
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
0
Lebanon Economy
2024-04-23
Fuel prices slightly increase in Lebanon
Lebanon Economy
2024-04-23
Fuel prices slightly increase in Lebanon
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Middle East News
12:00
Israeli minister Ben Gvir slightly hurt in car accident
Middle East News
12:00
Israeli minister Ben Gvir slightly hurt in car accident
0
Lebanon News
2023-10-30
RSF's findings unveil 'targeted strike' killed Reuters photojournalist Issam Abdallah
Lebanon News
2023-10-30
RSF's findings unveil 'targeted strike' killed Reuters photojournalist Issam Abdallah
0
News Bulletin Reports
2023-11-16
Behind the Veil of Secrecy: The Israeli Skin Bank and Controversies Surrounding Organ Harvesting
News Bulletin Reports
2023-11-16
Behind the Veil of Secrecy: The Israeli Skin Bank and Controversies Surrounding Organ Harvesting
0
Lebanon Economy
2023-11-10
Fuel prices decrease again across Lebanon
Lebanon Economy
2023-11-10
Fuel prices decrease again across Lebanon
Videos
d-none hideMe
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
00:31
Hezbollah's ambush: Targeting an armored convoy in Kfarchouba Hills
Lebanon News
00:31
Hezbollah's ambush: Targeting an armored convoy in Kfarchouba Hills
2
Middle East News
11:19
Al Jazeera, citing Yedioth Ahronoth: National Security Minister Itamar Ben Gvir's car overturns in a traffic accident near stabbing attack scene in Ramla
Middle East News
11:19
Al Jazeera, citing Yedioth Ahronoth: National Security Minister Itamar Ben Gvir's car overturns in a traffic accident near stabbing attack scene in Ramla
3
Lebanon News
04:37
Aboul Hosn to LBCI: Addressing Hezbollah's visit and Syrian displacement crisis
Lebanon News
04:37
Aboul Hosn to LBCI: Addressing Hezbollah's visit and Syrian displacement crisis
4
News Bulletin Reports
12:32
Pascal Sleiman's abduction and murder: Six suspects charged
News Bulletin Reports
12:32
Pascal Sleiman's abduction and murder: Six suspects charged
5
Lebanon Economy
02:15
Fuel prices decrease in Lebanon
Lebanon Economy
02:15
Fuel prices decrease in Lebanon
6
Middle East News
00:12
Houthis target MSC ship in Gulf of Aden
Middle East News
00:12
Houthis target MSC ship in Gulf of Aden
7
Middle East News
06:45
CENTCOM: Missile launched from Houthi area, no injuries reported
Middle East News
06:45
CENTCOM: Missile launched from Houthi area, no injuries reported
8
Lebanon News
05:18
Waddah Sadek to LBCI: The Parliament is the primary reason behind Lebanon's crisis
Lebanon News
05:18
Waddah Sadek to LBCI: The Parliament is the primary reason behind Lebanon's crisis
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More