Lebanon
Lebanon c bank remains main supplier of dollars
LEBANON - Demand for U.S. dollars was limited in the Lebanese market this week, with the central bank the main supplier of the hard currency, dealers said.
Lebanon needs stable currency - Bank governor
LEBANON - A stable currency is needed for successful privatisation of state-owned companies, Banque du Liban (Central Bank of Lebanon) Governor Riad Salameh said on 30 July.
Lebanese prime minister meets US bank delegation
LEBANON - The Lebanese Prime Minister Rafik al-Hariri met a delegation of the U.S. Central Bank on 13 July. They discussed issues concerning the bank situation in Lebanon. Hariri also met the head of the International Trade Chambers' Union Adnan Al…
Qatar comes to defence of Lebanese pound with $60m
LEBANON - Qatar joined a Gulf Arab consortium in defending the Lebanese pound by pledging to deposit $60 million with Banque du Liban, local newspapers said on Apr 18.
Oman $50 million boost for Lebanese cbank reserves
LEBANON - Oman deposited $50 million with Lebanon's central bank on Apr 6 to boost foreign currency reserves and to express its support for the government's economic measures, reported the local Daily Star newspaper.
Iraq to cooperate with Lebanon on monetary issues
Al-Quds newspaper reports on an understanding signed at the beginning of July 2000 between the Central Bank of Iraq and Lebanese banks and financial institutions on closer commercial co-operation. The newspaper quotes from a statement by Central Bank of…
Lebanon cbank still awaits anti-laundering law
Lebanon's central bank said on Feb. 2, 2001, it would cooperate with global efforts to combat money laudering once parliament approved a law that would open up the country's highly secretive banking system. "Once the law is passed, the central bank will…
Kuwait helps defend Lebanese pound with $100m
Kuwait has decided to deposit $100 million with Lebanon's central bank to help defend the Lebanese pound and raise depleted foreign reserves, the office of Prime Minister Rafik al-Hariri said on Jan. 25.Hariri's office said that the Kuwaiti Fund for Arab…
Lebanon considers changes to money laundering bill
The Lebanese Cabinet discussed a draft law to counter money-laundering on Wednesday but shelved the issue for a future meeting after some ministers proposed changes to the proposal.
Lebanon Salameh sees great potential in economy
Lebanon's central bank governor Riad Salameh says he believes that the economy could see healthy growth next year if the country does not suffer from increased regional instability.
Salameh - new Cabinet takes heat off pound
Lebanon's central bank governor Riad Salameh said that the pressure on the Lebanese pound had eased substantially since the formation of the new government and would continue to do so in the near future.