banking
Jumblat Warns Using Obligatory Reserves Would Bring Total Collapse
November 26, 2020
Progressive Socialist Party leader Walid Jumblat on Wednesday warned against spending from the central bank’s obligatory foreign exchange reserves.......
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Lebanon's president pledges to revive forensic audit of central bank
November 23, 2020
Lebanese President Michel Aoun said on Saturday that a forensic audit of the central bank was vital to combat corruption and that he would put it......
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Qassem Says Audit into Central Bank Accounts 'Must Not be Ignored'
November 22, 2020
Hizbullah Deputy Secretary-General Sheikh Naim Qassem described as “unacceptable” the reasons that compelled the withdrawal of Alvarez......
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Lebanon in limbo after auditors terminate agreement over lack of access to data
November 22, 2020
Alvarez & Marsal, the auditing firm tasked with assessing the financials of Lebanon’s central bank, terminated its contract because it......
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Forensic auditor pulls out of Lebanon central bank probe
November 21, 2020
BEIRUT: Restructuring consultancy Alvarez & Marsal has pulled out of a forensic audit of Lebanon’s central bank because it did not receive......
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Bassil: Audit of BDL Accounts a National Duty, Ultimate Priority
November 16, 2020
Free Patriotic Movement chief Jebran Bassil on Sunday said a forensic audit into the central bank’s accounts is “a national duty and......
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Bohsali: Lowering Lira Withdrawals Cap Threatens Food Security
November 10, 2020
The central bank and commercial banks’ decision to lower the caps on withdrawals in Lebanese lira has “dangerous repercussions on food......
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French GDP may fall 9-10% in 2020: Cbank-
November 10, 2020
France’s central bank said Monday it expects economic activity to decline between 9 and 10 percent this year, a bigger drop than previously......
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BDL Says Up to State to Lift Secrecy Off Its Accounts
November 5, 2020
The Banque du Liban -- Lebanon’s central bank -- announced Wednesday that it is up to the Lebanese state to lift secrecy off its bank accounts,......
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Diab urges Lebanon Central bank to hand over documents for audit
November 4, 2020
Lebanon’s caretaker prime minister Hassan Diab urged the central bank on Tuesday to hand over missing documents needed for a forensic audit......
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