LBCI

Finding common ground: EDL's proposal for dollar-based pricing amidst dispute with BDL

Lebanon Economy

15-05-2023 | 10:53

Share

Share

Finding common ground: EDL's proposal for dollar-based pricing amidst dispute with BDL

A dispute has emerged between the Central Bank Governor and Electricité du Liban (EDL) over the calculation of two trillion LBP in US dollars.

The disagreement revolves around whether the exchange rate should be set at LBP 52,000 to the dollar, as EDL issued invoices for November and December, or at LBP 104,000 to the dollar as set by Banque du Liban (BDL) according to the Sayrafa exchange rate.

The dispute has been further fueled by BDL's refusal to open a dollar account for EDL, which requires government approval. This impasse is impeding the issuance of invoices for January and February, as the exact dollar exchange rate remains uncertain.

However, EDL has warned that continuing this dispute jeopardizes the emergency plan.

To resolve this issue, EDL proposes adopting a dollar-based pricing system for electricity tariffs, invoices, and collections.

Lebanon News

Lebanon Economy

News Bulletin Reports

Common

Ground

EDL

Proposal

Dollar

Pricing

Dispute

BDL

USD

LBP

Next

Finance minister signs decree granting August bonus to military personnel

Recommended For You

Salary increase for government workers contingent on parliament’s green light, says Morcos

Lebanon Economy

15:05

Salary increase for government workers contingent on parliament’s green light, says Morcos

Lebanon’s Cabinet faces crunch decision on public sector pay raises

News Bulletin Reports

2026-02-15

Lebanon’s Cabinet faces crunch decision on public sector pay raises

Lebanon’s local-currency credit rating upgraded to CCC+ with stable outlook, S&P says

Lebanon Economy

2026-02-14

Lebanon’s local-currency credit rating upgraded to CCC+ with stable outlook, S&P says

IMF urges swift banking and fiscal reforms after Beirut visit

Lebanon Economy

2026-02-13

IMF urges swift banking and fiscal reforms after Beirut visit

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Court confirms decision to block prosecution of Tarek Bitar

2026-02-11

Court confirms decision to block prosecution of Tarek Bitar

Lebanon reports 101,355 overseas voter registrations ahead of deadline

2025-11-18

Lebanon reports 101,355 overseas voter registrations ahead of deadline

Bulgarian court rejects Lebanon's request to extradite suspect linked to Beirut Port blast

2025-12-10

Bulgarian court rejects Lebanon's request to extradite suspect linked to Beirut Port blast

Beirut Port explosion victims’ families protest at Customs building: Gracia Azzi appointment a blatant insult to victims’ blood

2026-01-23

Beirut Port explosion victims’ families protest at Customs building: Gracia Azzi appointment a blatant insult to victims’ blood

Videos

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

04:38

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Berri halts live broadcast amid parliament salary dispute

2026-01-29

Berri halts live broadcast amid parliament salary dispute

Fairuz receives condolences for death of son Hali Rahbani—Video

2026-01-10

Fairuz receives condolences for death of son Hali Rahbani—Video

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

2025-12-02

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

2025-12-02

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

2025-12-02

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

2025-12-02

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

Most read

24 hours

7 days

Month

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

1

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Hezbollah chief says group does not want war, blames Lebanese state for Israeli attacks

2

Hezbollah chief says group does not want war, blames Lebanese state for Israeli attacks

Lebanon braces for UNIFIL exit as Germany signals continued role amid shifting security landscape

3

Lebanon braces for UNIFIL exit as Germany signals continued role amid shifting security landscape

Israeli army reports attack on Hezbollah member in southern Lebanon

4

Israeli army reports attack on Hezbollah member in southern Lebanon

Lebanon's election battle deepens: Expat district or 128 seats?

5

Lebanon's election battle deepens: Expat district or 128 seats?

Cabinet briefed on army weapons control plan, second phase could take months

6

Cabinet briefed on army weapons control plan, second phase could take months

Following Baabda talks, Germany voices support for Lebanon in joint press conference

7

Following Baabda talks, Germany voices support for Lebanon in joint press conference

Lebanon's Interior Minister says election process underway under current law

8

Lebanon's Interior Minister says election process underway under current law

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More