Lebanon's ability to survive the crisis sparked last month by the premier's now rescinded resignation has increased confidence in its economy, the governor of the country's central bank said Friday.
Lebanon, chronically feared to be on the brink of default, was shaken by an unprecedented crisis that saw Prime Minister Saad Hariri resign from Saudi Arabia in mysterious circumstances before a WesternRead more
Lebanon's ability to survive the crisis sparked last month by the premier's now rescinded resignation has increased confidence in its economy, the governor of the country's central bank said Friday.
Lebanon, chronically feared to be on the brink of default, was shaken last month by an unprecedented crisis that saw Prime Minister Saad Hariri resign in Saudi Arabia under mysteriousRead more
The Lebanese central bank has the foreign-currency reserves it needs to keep the pound stable against the US dollar at its pegged rate for the foreseeable future, the central bank governor said on Tuesday.
Riad Salameh said in an interview that since June the central bank has been engaged in three financial operations intended to maintain high levels of dollarRead more
Lebanon's Central Bank Governor Riad Salameh stressed Tuesday that Lebanese banks must "offer justifications" and consult with the Central Bank before suspending the accounts suspected of violating the anti-Hezbollah U.S. sanctions law.
"The law issued in the United States is an American law that is supposed to be implemented globally and in Lebanon, and, accordingly, Memo 137 that was issuedRead more