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Shortage of Financial Stamps Complicates Public Transactions in Lebanon

The Lebanese central bank in Beirut. (Reuters)
The Lebanese central bank in Beirut. (Reuters)
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Shortage of Financial Stamps Complicates Public Transactions in Lebanon

The Lebanese central bank in Beirut. (Reuters)
The Lebanese central bank in Beirut. (Reuters)

State institutions and private companies in Lebanon are suffering from a shortage of official stamps that are needed to be glued onto all official transactions and company bills. The issue has led to chaos in public institutions and stripped the treasury of millions of dollars in revenues, exacerbating the financial crisis. Officials have meanwhile, distanced themselves from the issue.

The stamps shortage started weeks ago, especially after Hassan Diab’s government was granted confidence and institutions commenced regular work again after most of them had at least partially shut down during the October 17 popular uprising.

A source from the Ministry of Finance told Asharq Al-Awsat that the ministry has started to “at least partially address the crisis”. He added that they will be “printing 8 million 250 LBP stamps that would be enough for 2020, pending that the new bid on 1,000 LBP and more stamps is completed”.

This lack of stamps in ministries, state institutions, notaries and private companies has stopped thousands of transactions and has exacerbated the public resentment towards the state’s apathy towards people’s suffering.

A source from the Ministry of Finance has revealed that the ministry has “attracted offers to print 8 million 1,000 LBP stamps, but until this is over, it has found a temporary solution that would allow some institutions to collect the price of the stamp without actually placing it on the transaction and providing a receipt with the stamp’s value.” The solution has been adopted in real estate, car registration transactions and other important deals that cannot be postponed.

Private companies have sounded the alarm after the could no longer issue any bill unless a stamp was placed onto it for the treasury to collect its value. A source informed on the crisis mentioned that “there is a real problem with the ministry collecting financial dues, bills and the value added tax because companies are unable to issue these bills without stamps”.

The Lebanese state’s revenue has receded to less than half after the popular uprising started as citizens refrained from paying due bills, whether electricity or water, car and automobile maintenance and even landline bills. The revenues from stamps, however, remained the same as people needed them for official transactions.

On Sunday, mayors in the northern Akkar region brought this crisis up with the MP Hadi Hbeish and raised their complaints to him about the delay in their work and citizens’ transactions.

“We have to stand by our people in these difficult and harsh circumstances,” Hbeish said, acknowledging that the shortage of stamps was hindering transaction.

He called on the Finance Minister to resolve this crisis as soon as possible, promising to follow up on the issue, saying the people already have to contend with the health, economic and psychological crises and can do without another one.

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On Lebanon Border, Israel and Hezbollah’s Deadly Game of Patience

Smoke is seen as an unmanned aerial vehicle (UAV) is intercepted following its launch from Lebanon, amid cross-border hostilities between Hezbollah and Israeli forces, at Kibbutz Eilon in northern Israel, July 23, 2024. (Reuters)
Smoke is seen as an unmanned aerial vehicle (UAV) is intercepted following its launch from Lebanon, amid cross-border hostilities between Hezbollah and Israeli forces, at Kibbutz Eilon in northern Israel, July 23, 2024. (Reuters)
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On Lebanon Border, Israel and Hezbollah’s Deadly Game of Patience

Smoke is seen as an unmanned aerial vehicle (UAV) is intercepted following its launch from Lebanon, amid cross-border hostilities between Hezbollah and Israeli forces, at Kibbutz Eilon in northern Israel, July 23, 2024. (Reuters)
Smoke is seen as an unmanned aerial vehicle (UAV) is intercepted following its launch from Lebanon, amid cross-border hostilities between Hezbollah and Israeli forces, at Kibbutz Eilon in northern Israel, July 23, 2024. (Reuters)

In deserted villages and communities near the southern Lebanon border, Israeli troops and Hezbollah fighters have watched each other for months, shifting and adapting in a battle for the upper hand while they wait to see if a full scale war will come.

Ever since the start of the Gaza war last October, the two sides have exchanged daily barrages of rockets, artillery, missile fire and air strikes in a standoff that has just stopped short of full-scale war.

Tens of thousands have been evacuated from both sides of the border, and hopes that children may be able to return for the start of the new school year in September appear to have been dashed following an announcement by Israeli Education Minister Yoav Kisch on Tuesday that conditions would not allow it.

"The war is almost the same for the past nine months," Lieutenant Colonel Dotan, an Israeli officer, who could only be identified by his first name. "We have good days of hitting Hezbollah and bad days where they hit us. It's almost the same, all year, all the nine months."

As the summer approaches its peak, the smoke trails of drones and rockets in the sky have become a daily sight, with missiles regularly setting off brush fires in the thickly wooded hills along the border.

Israeli strikes have killed nearly 350 Hezbollah fighters in Lebanon and more than 100 civilians, including medics, children and journalists, while 10 Israeli civilians, a foreign agricultural worker and 20 Israeli soldiers have been killed.

Even so, as the cross border firing has continued, Israeli forces have been training for a possible offensive in Lebanon which would dramatically increase the risk of a wider regional war, potentially involving Iran and the United States.

That risk was underlined at the weekend when the Yemen-based Houthis, a militia which like Hezbollah is backed by Iran, sent a drone to Tel Aviv where it caused a blast that killed a man and prompted Israel to launch a retaliatory raid the next day.

Standing in his home kibbutz of Eilon, where only about 150 farmers and security guards remain from a normal population of 1,100, Lt. Colonet Dotan said the two sides have been testing each other for months, in a constantly evolving tactical battle.

"This war taught us patience," said Dotan. "In the Middle East, you need patience."

He said Israeli troops had seen an increasing use of Iranian drones, of a type frequently seen in Ukraine, as well as Russian-made Kornet anti tank missiles which were increasingly targeting houses as Israeli tank forces adapted their own tactics in response.

"Hezbollah is a fast-learning organization and they understood that UAVs (unmanned aerial vehicles) are the next big thing and so they went and bought and got trained in UAVs," he said.

Israel had responded by adapting its Iron Dome air defense system and focusing its own operations on weakening Hezbollah's organizational structure by attacking its experienced commanders, such as Ali Jaafar Maatuk, a field commander in the elite Radwan forces unit who was killed last week.

"So that's another weak point we found. We target them and we look for them on a daily basis," he said.

Even so, as the months have passed, the wait has not been easy for Israeli troops brought up in a doctrine of maneuver and rapid offensive operations.

"When you're on defense, you can't defeat the enemy. We understand that, we have no expectations," he said, "So we have to wait. It's a patience game."