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
23
o
Bekaa
19
o
Keserwan
23
o
Metn
23
o
Mount Lebanon
24
o
North
23
o
South
23
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Al Beit El Abyad
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
23
o
Bekaa
19
o
Keserwan
23
o
Metn
23
o
Mount Lebanon
24
o
North
23
o
South
23
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
Mikati verbally promises payments to Primesouth
News Bulletin Reports
2023-08-17 | 10:28
High views
Share
Share
3
min
Mikati verbally promises payments to Primesouth
The caretaker Prime Minister Najib Mikati, verbally promised PrimeSouth company that it would receive $7 million every month, even from his funds, from its dues amounting to $84 million. Based on this promise, the company resumed the operation of the Deir Ammar and Al-Zahrani plants.
This promise was made during a meeting at the grand serail, which included Mikati, Finance Minister Youssef Khalil, Banque du Liban's Acting Governor Wassim Mansouri, and Mikati's advisor, Nicolas Nahas.
However, a BDL source denied that these funds would be paid from mandatory employment. It said, "We will not pay a single dollar to Primesouth or anyone else from this reserve. The state must pay from its accounts or from what remains of the Special Drawing Rights (SDR)."
Mikati's promise did not resolve the issue between the Ministry of Energy, Electricité du Liban, on the one hand, and BDL, on the other.
Moreover, the Central Bank of Lebanon is supposed to convert Lebanese liras, which have been collected by EDL, into dollars according to the mechanism approved by the Council of Ministers during the tenure of the former BDL governor, Riad Salameh, based on a BDL proposal approved by the Finance Minister.
However, the Energy Ministry and EDL have no problem with BDL converting the lira into dollars at the appropriate rate. Previously, it had adopted a rate of LBP 104,000 to the dollar to purchase $24 million for EDL.
On the other hand, a source from the Central Bank emphasized that it is not their responsibility to convert liras into dollars.
The same source indicated that the government should determine the priorities of dollar payments by the Central Bank. There are tens of millions of dollars annually to purchase fuel for the army, medical care for security forces, and between $70 to $75 million to cover public sector salaries. Paying these salaries in lira, which is almost 8 trillion, would lead to a rush to buy the dollar. Additionally, the Central Bank still provides support for medicines for chronic diseases.
Furthermore, the source stated, "If they want to prioritize payments for electricity, let them tell us. But we will never abandon the current stability in the exchange rate and will never touch the reserves."
Breaking Headlines
Lebanon News
News Bulletin Reports
Lebanon
Lebanese
Electricite Du Liban
Central Bank
Finance
Next
Turning a New Page: Iranian Foreign Minister's Historic Visit to Saudi Arabia
Investigators have yet to identify underlying motives for Hasrouni’s murder: Sources
Previous
Related Articles
d-none hideMe
0
Lebanon News
2024-05-09
Lebanon's Foreign Minister seeks Qatar's help in evacuating stranded Lebanese families
Lebanon News
2024-05-09
Lebanon's Foreign Minister seeks Qatar's help in evacuating stranded Lebanese families
0
Lebanon Economy
2024-05-07
Lebanon's Finance Minister vows 'timely submission' of 2025 budget
Lebanon Economy
2024-05-07
Lebanon's Finance Minister vows 'timely submission' of 2025 budget
0
Lebanon News
2024-04-27
Samir Geagea denounces Hezbollah's role in South Lebanon, says Lebanese army alone can secure the borders
Lebanon News
2024-04-27
Samir Geagea denounces Hezbollah's role in South Lebanon, says Lebanese army alone can secure the borders
0
Lebanon News
2024-04-27
Israeli strike in Lebanon's Beqaa region kills Lebanese militants
Lebanon News
2024-04-27
Israeli strike in Lebanon's Beqaa region kills Lebanese militants
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:30
Measures and policies: Lebanon calls out UNHCR for overstepping bounds in refugee management
News Bulletin Reports
12:30
Measures and policies: Lebanon calls out UNHCR for overstepping bounds in refugee management
0
News Bulletin Reports
12:28
Israeli War Cabinet power struggle: Netanyahu faces opposition
News Bulletin Reports
12:28
Israeli War Cabinet power struggle: Netanyahu faces opposition
0
News Bulletin Reports
12:27
After the death of Iran's President: A nation prepares for transition
News Bulletin Reports
12:27
After the death of Iran's President: A nation prepares for transition
0
News Bulletin Reports
12:26
Iran's aviation crisis: A history of sanctions and old aircraft
News Bulletin Reports
12:26
Iran's aviation crisis: A history of sanctions and old aircraft
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2023-09-27
Discover Lebanon's natural treasures on World Tourism Day 2023: Five must-visit places for nature lovers
Lebanon News
2023-09-27
Discover Lebanon's natural treasures on World Tourism Day 2023: Five must-visit places for nature lovers
0
Middle East News
2023-10-25
Egypt’s El-Sisi: We have the power, and we will use it to defend ourselves
Middle East News
2023-10-25
Egypt’s El-Sisi: We have the power, and we will use it to defend ourselves
0
Press Highlights
2024-02-27
Postponed progress: The standstill of Presidential negotiations
Press Highlights
2024-02-27
Postponed progress: The standstill of Presidential negotiations
0
Middle East News
2023-10-31
Al-Qassam Brigades: We hit Israeli army vehicles penetrating the northwestern and southern Gaza with dozens of mortar shells
Middle East News
2023-10-31
Al-Qassam Brigades: We hit Israeli army vehicles penetrating the northwestern and southern Gaza with dozens of mortar shells
Videos
d-none hideMe
0
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
0
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
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
03:23
Lebanon declares official mourning over Iranian officials' deaths
Lebanon News
03:23
Lebanon declares official mourning over Iranian officials' deaths
2
Middle East News
00:22
Mehr News Agency: Iranian President, FM, and accompanying delegation die in helicopter crash
Middle East News
00:22
Mehr News Agency: Iranian President, FM, and accompanying delegation die in helicopter crash
3
Lebanon News
10:19
UNHCR withdraws refugee-related letter sent to Lebanese Interior Ministry
Lebanon News
10:19
UNHCR withdraws refugee-related letter sent to Lebanese Interior Ministry
4
Lebanon News
03:44
Hezbollah mourns Raisi, describes him as 'protector of resistance movements'
Lebanon News
03:44
Hezbollah mourns Raisi, describes him as 'protector of resistance movements'
5
Middle East News
01:02
After the death of Iran's President while in office: What happens next?
Middle East News
01:02
After the death of Iran's President while in office: What happens next?
6
Middle East News
00:03
Iranian Official to Reuters: Iranian President and Foreign Minister die in helicopter accident
Middle East News
00:03
Iranian Official to Reuters: Iranian President and Foreign Minister die in helicopter accident
7
Middle East News
04:27
Iran's Supreme Leader approves Mokhber as interim president, declares five days mourning
Middle East News
04:27
Iran's Supreme Leader approves Mokhber as interim president, declares five days mourning
8
Middle East News
09:24
Funeral rites for Iranian officials to start Tuesday in Tabriz
Middle East News
09:24
Funeral rites for Iranian officials to start Tuesday in Tabriz
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