What is Lebanon’s ‘gap law’ that attempts to end the financial crisis?

In December 2025, Lebanon's cabinet approved a "gap law" aimed at addressing the country's financial crisis, which began in 2019 and saw the Lebanese Lira lose 98% of its value. The law intends to reimburse depositors, prioritizing those with up to $100,000, who will be repaid within four years. However, this $100,000 limit applies per depositor, not per account, and amounts exceeding that will be paid differently. Prime Minister Nawaf Salam stated the law includes a full forensic audit of banks to investigate financial discrepancies. Critics note that earlier proposals offered more favorable terms for depositors, and concerns remain about the law's overall effectiveness in resolving the crisis.

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