Lebanon Central Bank Plans New Exchange Platform via Bloomberg

A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)
A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)
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Lebanon Central Bank Plans New Exchange Platform via Bloomberg

A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)
A view shows Lebanon's Central Bank building in Beirut, Lebanon January 12, 2023. (Reuters)

Lebanon's central bank is seeking to introduce a new currency exchange platform through Bloomberg, acting central bank governor Wassim Mansouri said on Monday in an interview with Saudi-owned Al-Arabiya television.
The central bank had already said it would phase out its own exchange platform, known as Sayrafa, and was considering Bloomberg as a substitute following concerns about Sayrafa's lack of transparency and governance, Reuters reported.
"On Wednesday, based on a request from the central bank, the cabinet's agenda will include the establishment of an international exchange platform," Mansouri said, adding that it would be through Bloomberg's trading platform.
Sayrafa was set up in May 2021, 18 months into Lebanon's economic meltdown. It was widely recognized as a way for the central bank, also known as BdL, to stabilize the Lebanese pound, which nevertheless continued to decline.
Lebanese authorities and international institutions have criticized Sayrafa for its lack of transparency, unsustainability and the opportunity it created for arbitrage, particularly as the gap grew between Sayrafa's and the parallel market.
The World Bank said buy-side Sayrafa participants may have made as much as $2.5 billion through arbitrage trades.



US Embassy Compound in Baghdad Hit in Missile Attack as Airstrike Kills 2

US soldiers inspect the damage caused by a bombing in Baghdad, Saturday, March 14, 2026. (AP Photo/Hadi Mizban)
US soldiers inspect the damage caused by a bombing in Baghdad, Saturday, March 14, 2026. (AP Photo/Hadi Mizban)
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US Embassy Compound in Baghdad Hit in Missile Attack as Airstrike Kills 2

US soldiers inspect the damage caused by a bombing in Baghdad, Saturday, March 14, 2026. (AP Photo/Hadi Mizban)
US soldiers inspect the damage caused by a bombing in Baghdad, Saturday, March 14, 2026. (AP Photo/Hadi Mizban)

The US embassy in the Iraqi capital Baghdad was hit in a missile attack on Saturday, causing smoke to rise from the building, Iraqi security sources said.

They did not have further details on the ‌strike.

Earlier, an airstrike hit a house in Baghdad, killing at least one person, according to a security official and another affiliated with the Iranian-backed armed groups in the country.

The strike in Baghdad’s Karrada district also wounded two people, they said, speaking on condition of anonymity because they weren’t authorized to speak to the press.

In a statement, the Iraqi military condemned the strike as “a blatant violation of all humanitarian values and a disregard for international conventions.”


Hamas Urges Iran to Stop 'Targeting Neighboring' Countries

FILED - 20 February 2025, Palestinian Territories, Khan Younis: Hamas fighters stand guard at the site where Hamas handed over the bodies of four Israeli hostages to the Red Cross in Khan Yunis. Photo: Abed Rahim Khatib/dpa
FILED - 20 February 2025, Palestinian Territories, Khan Younis: Hamas fighters stand guard at the site where Hamas handed over the bodies of four Israeli hostages to the Red Cross in Khan Yunis. Photo: Abed Rahim Khatib/dpa
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Hamas Urges Iran to Stop 'Targeting Neighboring' Countries

FILED - 20 February 2025, Palestinian Territories, Khan Younis: Hamas fighters stand guard at the site where Hamas handed over the bodies of four Israeli hostages to the Red Cross in Khan Yunis. Photo: Abed Rahim Khatib/dpa
FILED - 20 February 2025, Palestinian Territories, Khan Younis: Hamas fighters stand guard at the site where Hamas handed over the bodies of four Israeli hostages to the Red Cross in Khan Yunis. Photo: Abed Rahim Khatib/dpa

Hamas on Saturday called on Iran to refrain from targeting neighboring countries, while affirming Tehran's right to defend itself against Israel and the United States.

"While affirming the right of the Islamic Republic of Iran to respond to this aggression by all available means in accordance with international norms and laws, the movement calls on the brothers in Iran to avoid targeting neighboring countries," Hamas said in a statement.

Hamas, which fought a devastating two-year war with Israel in Gaza, also called on the international community to "work towards halting" the ongoing war immediately.

The group previously condemned the killing of Iran's supreme leader, Ali Khamenei, on the first day of the war as a "heinous crime", openly acknowledging his longstanding support for the Palestinian movement.

"He provided all forms of political, diplomatic and military support to our people, our cause, and our resistance," the movement said soon after the killing of Khamenei.


Ongoing Strikes in Iraq Expose Political, Security Divisions

Mourners attend the funeral of members of Iraq's PMF, who were killed in an airstrike in the town of al‑Qaim near the Syrian border, amid heightened regional tensions due to the US-Israel conflict with Iran, in Baghdad, Iraq, March 12, 2026. REUTERS/Stringer
Mourners attend the funeral of members of Iraq's PMF, who were killed in an airstrike in the town of al‑Qaim near the Syrian border, amid heightened regional tensions due to the US-Israel conflict with Iran, in Baghdad, Iraq, March 12, 2026. REUTERS/Stringer
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Ongoing Strikes in Iraq Expose Political, Security Divisions

Mourners attend the funeral of members of Iraq's PMF, who were killed in an airstrike in the town of al‑Qaim near the Syrian border, amid heightened regional tensions due to the US-Israel conflict with Iran, in Baghdad, Iraq, March 12, 2026. REUTERS/Stringer
Mourners attend the funeral of members of Iraq's PMF, who were killed in an airstrike in the town of al‑Qaim near the Syrian border, amid heightened regional tensions due to the US-Israel conflict with Iran, in Baghdad, Iraq, March 12, 2026. REUTERS/Stringer

Strikes targeting armed groups in Iraq are continuing amid the US-Israel war on Iran, piling pressure on decision-makers in Baghdad to maintain a unified stance even as factions declare their participation in the fighting alongside Tehran.

Over the past two weeks, the Iraqi government has repeatedly called for “distinguishing targets” and avoiding “mixing up the cards,” a reference to the need not to target Iraqi state institutions or official forces. The stance clashes with announcements by prominent armed factions declaring their involvement in military operations supporting Iran.

Those factions include Kataib Hezbollah, Harakat al-Nujaba and Ansar Allah al-Awfiya. In statements, they said “collaborators” were providing coordinates to what they described as the “enemy.”

Akram al-Kaabi, leader of Harakat al-Nujaba, said in a statement that recent strikes resulted from information provided by “informants,” without identifying them.

A leader in one of the factions fighting alongside Iran, however, claimed the person in question could be linked to a security agency.

Popular Mobilization sites

According to faction statements, some recent strikes targeted sites linked to the Popular Mobilization Forces (PMF), a security institution that includes several brigades affiliated with armed factions.

Observers say strikes on PMF-linked sites, alongside locations belonging to other factions, have created confusion in the political discourse over the nature of the targets and whether the strikes are aimed at specific factions or at an official security structure.

The Iraqi presidency and the prime minister’s office issued statements in recent days stressing the need to avoid dragging Iraq into the regional conflict, while reaffirming their rejection of using Iraqi territory as an arena for settling scores.

Political divisions

At the same time, divisions are widening among the armed factions themselves and between some factions and the government. Analysts say the rifts appear on two levels: military, over the extent of involvement in the war, and political, over the future of power in Baghdad.

Some factions have announced direct participation in military operations. Others have limited themselves to statements of support for Iran, while a third group has remained silent, awaiting developments in the confrontation.

The divisions are also visible within the Coordination Framework alliance, which includes the main Shiite political forces, particularly over the selection of the next prime minister.

Government formation

Iraqi politicians say the regional military escalation is further complicating an already deadlocked political scene, with parties still unable to agree on a new prime minister.

Former Prime Minister Nouri al-Maliki is the declared candidate of the Coordination Framework alliance. But sources say international objections, including from the United States, are hindering his nomination to form a government.

According to those sources, Maliki has stipulated that if he withdraws from the race, neither the current Prime Minister, Mohammed Shia al-Sudani, nor the former Prime Minister, Haider al-Abadi, should be tasked with forming the government.

Analysts say rising regional tensions could push some political forces to exploit the war to strengthen their negotiating positions inside Iraq, particularly as pressure on Tehran grows, and prospects for regional understandings that previously influenced power arrangements in Baghdad diminish.

Additional complications

The picture is further complicated by ongoing disagreements among Kurdish parties over who should be named the presidential candidate. Under the constitution, the president appoints the nominee of the largest parliamentary bloc to form the government.

Observers say delays by Kurdish parties in agreeing on a presidential candidate are effectively obstructing the formation of a new government, while some political forces are using the delay to justify postponing a decision on the premiership.

Tensions have also risen after reports that areas in the Kurdistan region were struck in connection with the escalation between armed factions and their opponents, potentially adding a new dimension to political disputes between Baghdad and Erbil.