Lebanon Central Bank hints at retroactive effects for six multiples in 2026
The article covered statements and instructions from the Public Sector Unions, which confirmed that official data from Banque du Liban show that sufficient financial resources are available to pay the retroactive effect of the six benefits scheduled for 2026. It clarified that the monetary reserves have reached around $11.6 billion, liquidity amounts to approximately $6.6 billion, and public sector deposits in Lebanese pounds balance out to about $10.3 billion, with a financial surplus estimated at roughly $2.3 billion until the end of July 2026. The statements emphasized that employees, military personnel, and retirees are entitled to receive the retroactive payments in a single installment; installment payments for these rights are illegal and constitute an evasion of obligations. They also stressed the importance of taking legal measures to annul any decision to pay retroactively in installments and called on the government to combat corruption and wastage to ensure the protection of employees' financial rights. The statement underscored that employees' and retirees' rights are not a favor, and their implementation is an obligation of the state. It called on authorities not to hesitate in applying the law to ensure the rightful financial entitlements are paid without delay.
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