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 Lebanese Central Bank sets rate of LBP 3,900 per US dollar for essential food industries

Lebanese Central Bank sets rate of LBP 3,900 per US dollar for essential food industries

NNA - The Lebanese Central Bank on Monday issued a statement making clear that it would be providing US dollars at a fixed exchange rate of LBP 3,900 per US dollar for importers and manufacturers of essential food items.


'The Central Bank will secure the necessary amounts in foreign currency to meet the needs of importers and manufacturers of essential food items and raw materials used"...

MP Says Capital Control Draft Bill 'Ready

MP Says Capital Control Draft Bill 'Ready

Member of Parliament Nicolas Nahhas said on Monday that a capital control draft bill is ready to be sent to the Finance and Budget parliamentary committee after introducing some changes based on suggestions by the International Monetary Fund.

In remarks to the Voice of Lebanon radio station, the MP said: “The new text of the"...