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
28
o
Bekaa
19
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Sawa
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
19
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
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
Fuel prices decrease across Lebanon
Recommended For You
d-none hideMe
0
Lebanon Economy
2024-08-30
Fuel prices fall in Lebanon
Lebanon Economy
2024-08-30
Fuel prices fall in Lebanon
0
News Bulletin Reports
2024-08-28
Hope for Lebanon's healthcare: Hospitals see budget increase as Health Ministry aims for recovery
News Bulletin Reports
2024-08-28
Hope for Lebanon's healthcare: Hospitals see budget increase as Health Ministry aims for recovery
0
News Bulletin Reports
2024-08-27
Lebanon's Lifeline: How Expatriates Keep the Nation Afloat Amid Crisis
News Bulletin Reports
2024-08-27
Lebanon's Lifeline: How Expatriates Keep the Nation Afloat Amid Crisis
0
Lebanon Economy
2024-08-27
Fuel prices update: Latest list published
Lebanon Economy
2024-08-27
Fuel prices update: Latest list published
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2024-08-30
Borrell pledges increased support for Lebanese army next year
Lebanon News
2024-08-30
Borrell pledges increased support for Lebanese army next year
0
Israel-Gaza War Updates
2024-08-30
Israeli army announces killing of Hamas commander Wissam Hazem in Jenin
Israel-Gaza War Updates
2024-08-30
Israeli army announces killing of Hamas commander Wissam Hazem in Jenin
0
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
0
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Videos
d-none hideMe
0
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
0
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
0
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
0
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
0
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
0
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
0
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
2
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
3
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
4
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
5
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
6
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
7
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
8
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
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