Lebanon’s dollar crisis dims future of students abroad

Relatives of students studying abroad demonstrate before Lebanese Central Bank as their children have been hit hard by banks forbidding depositors from transferring money overseas. (AFP)
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Updated 07 April 2021
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Lebanon’s dollar crisis dims future of students abroad

  • Students told AFP they had moved into cheaper accommodation, taken on jobs or even cut back on meals
  • Parents blame banks of dumping their requests to send to children enrolled abroad $10,000, despite law passed in 2020

BEIRUT: Lebanon’s economic crisis seems to be getting those studying abroad expelled from colleges like Mohammad Sleiman, who studies medicine at Belarus hoping to become his family’s first doctor.
“I’ve got a future and I’m working toward it,” 23-year-old Sleiman said from his bedroom in the capital Minsk, a dream catcher hanging on the wall behind him.
“But if they throw me out of university, my future will be lost. And it’ll be the Lebanese state’s fault.”
As Lebanese banks forbid depositors from transferring their own money abroad, thousands of students who went abroad to pursue studies they could not afford at home are among the hardest hit.
Students told AFP they had moved into cheaper accommodation, taken on jobs or even cut back on meals.
Some had been forced to fly home to Lebanon, with no idea how to return to their studies.
Sleiman said he was so stressed about money that he could hardly concentrate in class.
Back home, his family’s dollar savings have been trapped in the bank since 2019, and the 23-year-old has no idea how he will pay tuition fees when his father can barely borrow enough to send him rent.
Last month, he says his name appeared on a list with other Lebanese threatened with expulsion if they did not pay up.
Lebanon’s parliament passed a law last year to help students like him, but parents say banks systematically turn them away demanding more paperwork.
In south Lebanon, Sleiman’s father said he had been to several protests by parents demanding help from the Lebanese authorities, but to no avail.
Without access to his savings, 48-year-old Moussa Sleiman has to buy $300 for his son each month on the black market at an exorbitant exchange rate.
But his earnings from his toy and cosmetics store, in Lebanese pounds now worth 85 percent less at street value, cannot even begin to cover it.
“I’ve been so worried,” the father of eight said, with his eldest son’s April rent due.
“I’m going to have to go and rack up more debt.”
One student activist said parents had also sold cars and gold jewelry to help their children.
Many pin blame for Lebanon’s worst financial crisis since the 1975-1990 civil war on political mismanagement and corruption.
As the country’s foreign reserves plummet, and amid reports of mass capital flight despite currency controls since 2019, they accuse the ruling class of having plundered their savings.
A law passed in 2020 is supposed to allow parents to access $10,000 per student enrolled abroad in 2019 at the much cheaper official exchange rate. But parents say the banks don’t care.
“They take our requests and dump them in drawers because there’s no more money left to send. They stole it,” said Sleiman’s father.
A handful of parents or grandparents have filed lawsuits against their banks and won, the latest last month.
One of them was able last year to transfer funds to his sons in France and Spain so they could graduate.
Sleiman and fellow parents are looking into doing the same.
And the International Union of Lebanese Youth, covering students in 20 countries, has started working with volunteer lawyers toward filing dozens more cases.
But lawyer and activist Nizar Sayegh said these cases were still rare and complicated by coronavirus lockdowns and banks filing appeals.
Many families also shy away from legal action for fear the banks would then close their account, he said.
In Italy, 20-year-old Reine Kassis said she and fellow cash-strapped Lebanese flatmates were having to delay breakfast till lunch time.
“We eat toast and cheese, then study, study, study until supper,” said the mechanical engineering student in Ferrara.
She says she has received a little help in Italy.
But her brother, 23, had to return from Ukraine to Lebanon to continue studying online because he could not afford the rent.
Their father Maurice Kassis, a retired officer, said he was heartbroken.
“I only had two children so I could spoil them, and educate them properly,” the 54-year-old said in the eastern town of Zahle.
When he retired, he had enough savings stashed away in Lebanese pounds to cover both of them studying abroad.
But today, with the collapse of the Lebanese currency, those pounds would fetch just an eighth of their old value in dollars.
After he has paid off his home loan with his pension each month, he only has the equivalent of $50 left for the whole family.
“How do you educate your children with that?” he asked.
“I’m telling them to find themselves a future abroad.”


Lebanon’s President Joseph Aoun, respected army chief

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Lebanon’s President Joseph Aoun, respected army chief

BEIRUT: Joseph Aoun, Lebanon’s army chief who was elected president on Thursday, is a political neophyte whose position as head of one of the country’s most respected institutions helped end a two-year deadlock.
Widely seen as the preferred pick of army backer the United States, he is perceived as being best placed to maintain a fragile ceasefire and pull the country out of financial collapse.
After being sworn in at parliament, Aoun said “a new phase in Lebanon’s history” was beginning.
Analysts said Aoun, who turns 61 on Friday and is considered a man of “personal integrity,” was the right candidate to finally replace Michel Aoun — no relation — whose term as president ended in October 2022, without a successor until now.
A dozen previous attempts to choose a president failed amid tensions between Hezbollah and its opponents, who have accused the Shiite group of seeking to impose its preferred candidate.
Aoun has since 2017 headed the army, an institution that serves as a rare source of unity in a country riven by sectarian and political divides.
He has navigated it through a blistering financial crisis that has drastically slashed the salaries of its 80,000 soldiers, forcing him to accept international aid.
Since late November, he oversaw the gradual mobilization of the armed forces in south Lebanon after a ceasefire ended more than a year of hostilities between Israel and Hezbollah.
Under the truce, the Lebanese army has been deploying progressively alongside UN peacekeepers in the south as Israeli forces withdraw, a process they have to finish by January 26.
Speaking on Thursday, Aoun said the state would have “a monopoly” on arms.
The general with broad shoulders and a shaved head has stepped up talks with visiting foreign dignitaries since becoming army chief.
The man of few words was able to count on his good relations across the divided Lebanese political class to see him elected.
Aoun “has a reputation of personal integrity,” said Karim Bitar, an international relations expert at Beirut’s Saint-Joseph University.
He came to prominence after leading the army in a battle to drive out Daesh from a mountainous area along the Syrian border.
“Within the Lebanese army, he is perceived as someone who is dedicated... who has the national interest at heart, and who has been trying to consolidate this institution, which is the last non-sectarian institution still on its feet in the country,” Bitar told AFP.
Aoun was set to retire in January last year, but has had his mandate extended twice — most recently in November.
Mohanad Hage Ali, from the Carnegie Middle East Center, noted that “being the head of US-backed Lebanese Armed Forces, Joseph Aoun has ties to the United States.”
“While he maintained relations with everyone, Hezbollah-affiliated media often criticized him” for those US ties, he told AFP.
Washington is the main financial backer of Lebanon’s army, which also receives support from other countries including Qatar.
An international conference in Paris last month raised $200 million to support the armed forces.
The military has been hit hard by Lebanon’s economic crisis, and at one point in 2020 it said it had cut out meat from the meals offered to on-duty soldiers due to rising food prices.
Aoun, who speaks Arabic, English and French, hails from Lebanon’s Christian community and has two children.
By convention, the presidency goes to a Maronite Christian, the premiership is reserved for a Sunni Muslim and the post of parliament speaker goes to a Shiite Muslim.
Aoun is Lebanon’s fifth army commander to become president, and the fourth in a row.
Military chiefs, by convention, are also Maronites.

Egypt top diplomat meets PLO, urges Palestinian unity

Egypt’s foreign minister meets with a Palestine Liberation Organization delegation Thursday. (@MfaEgypt)
Updated 7 min 43 sec ago
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Egypt top diplomat meets PLO, urges Palestinian unity

  • During his meeting with the PLO delegation in Cairo, Badr Abdelatty “reaffirmed Egypt’s supportive stance toward the Palestinian Authority”

CAIRO: Egypt’s foreign minister met a Palestine Liberation Organization delegation Thursday, calling for “unity” and the strengthening of the Palestinian Authority amid Israel’s ongoing war with Hamas in Gaza.
The conflict began after the Palestinian group Hamas launched a surprise attack on Israel on October 7, 2023, triggering massive retaliation.
During his meeting with the PLO delegation in Cairo, Badr Abdelatty “reaffirmed Egypt’s supportive stance toward the Palestinian Authority,” his office said in a statement.
The minister also reiterated “Egypt’s rejection of any plans to displace Palestinians from their lands,” it added.
Last month, Egypt hosted talks between rival Palestinian groups Fatah and Hamas to discuss bringing post-war Gaza under PA control.
Fatah, which governs parts of the occupied West Bank under the PA, dominates both the PA and the PLO, an internationally recognized representative of the Palestinian people.
It has been excluded from Gaza since Hamas seized control in 2007.
On Thursday, Abdelatty also discussed with the PLO delegation Egypt’s efforts to end the Gaza war, reach a ceasefire agreement and facilitate the delivery of humanitarian aid to the Gaza Strip.
Mediators Egypt, Qatar and the United States have been engaged in months of talks to cement a truce in Gaza, but so far to no avail.
US Secretary of State Antony Blinken said on Wednesday that a Gaza ceasefire remained close but added it may not happen before President Joe Biden hands over to Donald Trump.
“I hope that we can get it over the line in the time that we have,” said Blinken, who leaves office with Trump’s inauguration on January 20.
Hamas said at the end of last week that indirect negotiations in Doha had resumed, while Israel said it had authorized negotiators to continue the talks in the Qatari capital.
A previous round of mediation in December ended with both sides blaming the other for the impasse, with Hamas accusing Israel of setting “new conditions” and Israel accusing Hamas of throwing up “obstacles” to a deal.


Qatar, France among first to congratulate new Lebanon president

Updated 30 sec ago
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Qatar, France among first to congratulate new Lebanon president

  • French foreign ministry said Joseph Aoun's election “opens a new page" for Lebanon
  • Qatari foreign ministry called for “stability”

PARIS: France on Thursday welcomed the election by Lebanese lawmakers of army chief Joseph Aoun as president after a two-year vacuum at the top, urging the formation of a strong government to drag the country out of a political and economic crisis.

Extending France’s “warm congratulations” to Aoun, the French foreign ministry said his election “opens a new page for the Lebanese” and urged “the appointment of a strong government” that can help the country recover.

Qatar praised the election of Aoun as president on Thursday, calling for “stability” after the more than two year vacancy was filled.

“The State of Qatar welcomes the election of Lebanese army commander General Joseph Aoun,” the foreign ministry said in a statement, adding that it hoped his election would “contribute to establishing security and stability in Lebanon.”


Italian foreign minister to meet Syria's new rulers in Damascus

Updated 09 January 2025
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Italian foreign minister to meet Syria's new rulers in Damascus

  • Antonio Tajani said he would push Syria’s transitional government to pursue an “inclusive political process”

ROME: Italy’s Foreign Minister Antonio Tajani said Wednesday he would travel to Syria Friday where he plans to announce an initial development aid package for the country ravaged by years of war.
Tajani’s trip follows those by his French and German counterparts, who visited the Syrian capital last week to meet Syria’s new rulers after they toppled Bashar Assad's regime in a lightning offensive last month.
“It is essential to preserve territorial integrity and prevent (Syria’s) territory from being exploited by terrorist organizations and hostile actors,” Tajani told parliament.
Western powers have been cautiously hoping for greater stability in Syria, a decade after the war triggered a major refugee crisis that shook up European politics.
Tajani did not provide any details about what he called a “first package of aid for cooperation and development.”
Tajani said he would push Syria’s transitional government to pursue an “inclusive political process” that “recognizes and enhances the role of Christians as citizens with full rights.”
Ahead of his trip, Tajani is set Thursday to meet with the foreign ministers of France, Germany, Britain and the United States over the Syria situation, with the drafting of a new constitution and Syria’s economic recovery on the agenda.
The EU’s foreign affairs chief, Kaja Kallas, was expected in Rome for the meeting.


Thousands of Alawites mourn 3 killed by foreign Islamists: monitor, witness

Updated 09 January 2025
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Thousands of Alawites mourn 3 killed by foreign Islamists: monitor, witness

  • “Thousands of mourners gathered at the funeral of three Alawite farmers from the same family,” said the Syrian Observatory for Human Rights
  • The civilians were killed on Wednesday in the village of Ain Sharqia

DAMASCUS: Thousands of Syrians from ousted President Bashar Assad’s Alawite community mourned on Thursday three civilians killed by foreign Islamist allies of the country’s new authorities, a war monitor and an attendee said.
Since Assad’s ouster, violence against Alawites, long associated with his clan, has soared, with the monitor recording at least 148 killings.
“Thousands of mourners gathered at the funeral of three Alawite farmers from the same family, including one child, killed by foreign Islamist fighters allied to Syria’s new authorities,” said the Syrian Observatory for Human Rights war monitor.
The civilians were killed on Wednesday in the village of Ain Sharqia, in the Alawite heartland of Latakia province, the Observatory said.
“Down with the factions,” some of those in attendance chanted in reference to armed groups, according to footage shared by the monitor.
Mourner Ali told AFP that people had called for those responsible for the killings to be punished and for foreign fighters to leave so that local policemen affiliated with the new authorities could take their place.
“We can’t have people die every day,” he said, asking to be identified only by his first name to discuss sensitive matters.
“We want security and safety to prevail; we support the transitional authorities. We do not want any more killings after today.”
Rami Abdel Rahman, who heads the Observatory, told AFP the mourners also demanded that Syria’s new rulers free thousands of detained soldiers and conscripts.
The Alawite community was over-represented in the country’s now-defunct armed forces.
On Tuesday, three Alawite clerics were also killed by unknown gunmen on the road from Tartus to Damascus, the monitor said.
Another cleric and his wife were found dead in the Hama countryside Thursday after they were abducted a day earlier.
Last month, angry protests broke out in Syria over a video showing an attack on an Alawite shrine, with the Observatory reporting one demonstrator killed in Homs city.
Syrian authorities said the footage was “old” and that “unknown groups” were behind the attack, saying republishing the video served to “stir up strife.”
The alliance spearheaded by the Islamist group Hayat Tahrir Al-Sham (HTS), which seized Damascus and ousted Assad on December 8 after a lightning offensive, has sought to reassure minority communities in the Sunni Muslim majority country.
Assad had long presented himself as a protector of minority groups.