
Gulf investors unveils a currency unification timeline
The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
Thursday 24 September 2026 · Beirut 03:28
26 articles

The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.

Much depends on whether the government can hold its coalition together long enough to pass the legislation.

Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.

The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.

Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.

The announcement lifted shares in the sector by as much as four percent in early trading.

Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.

Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.

The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.

A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.

Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.

Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.