banking
Salameh Warns that Foreign Banks Cutting Ties with Lebanon
April 11, 2021
Lebanon’s money transfers abroad, its purchases of goods, and access to foreign exchange are all at risk to stop after correspondent banks......
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Central Bank Provides Updated Data for Forensic Audit
April 11, 2021
Lebanon has provided an auditing firm with 'updated' information for a stalled forensic audit of the central bank demanded by the international......
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Virtual meeting between MoF, Central Bank representatives and ALVAREZ & MARSAL: Central Bank committed to audit
April 7, 2021
NNA - The Ministry of Finance held a virtual meeting through 'Zoom' that brought together representatives from the Ministry of Finance, the......
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World bank urges Lebanon authorities to ‘get their act together’
April 3, 2021
Lebanon must be willing to implement some real changes in order to get international funding assistance, according to the World Bank’s Middle......
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Central Bank launches foreign exchange platform
March 24, 2021
The Central Bank (BDL) has issued two circulars, one authorizing banks to perform currency exchange operations based on a newly-launched money exchange......
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Top Lebanese banker speaks out on how to fix what ails economy
March 23, 2021
A top Lebanese banker urged authorities to focus on the economy’s key vulnerabilities and called on the government to lean on its own assets......
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Discover Announces Alliance with Malaysia’s PayNet to Expand Worldwide Acceptance
March 23, 2021
Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central......
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BDL Allows Banks to Conduct Exchange Transactions to Control Currency Depreciation
March 21, 2021
The Central Bank of Lebanon announced on Friday that it will allow local banks to conduct currency transactions similar to money exchange shops and......
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Salameh Suggests Ideas that Can 'Lower Dollar Exchange Rate'
March 18, 2021
Central Bank Governor Riad Salameh on Wednesday said he raised with caretaker Finance Minister Ghazi Wazni ideas that can lower the dollar exchange......
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Freefalling Lebanon currency hits new low
March 17, 2021
BEIRUT: Lebanon’s currency hit a new low against the dollar on the black market Tuesday, continuing its freefall in a country gripped by political......
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