par Nicolas Sbeih, 04/01 09:00 - Reading : 5 minute(s)
To attempt to guess the possible prospects for the year 2024, one must proceed with excessive modesty. Already, the data available from last year is scarce. Even international organizations, which invest millions of dollars annually in surveys and studies, seem engulfed in hazy conjectures. They hesitate to predict anything for the following ...
par Liliane Mokbel, 05/01 12:47 - Reading : 4 minute(s)
Lebanon’s Central Bank (BDL) announced in a statement on Thursday the suspension of "seigniorage," or procedure of assessing the profit or loss made on producing a currency, and the commencement of collaborative efforts with the International Monetary Fund (IMF) to review its Safeguards Assessment methodology. When approached by This is Beirut ...
par This Is Beirut, 10/01 18:10 - Reading : 1 minute(s)
In an information note published on Wednesday, the Central Bank (BDL) appealed to market makers who wish to operate on its new Bloomberg-managed foreign exchange platform to contact the company directly. In this context, BDL has invited banks that wish to take part in the new platform's activity and that have not yet integrated the Bloomberg FX ...
par This Is Beirut, 22/01 15:00 - Reading : less than a minute
Treasury advances remain the easiest way for the government to cover its expenses. They have primarily enabled it to pay the salaries of a large number of civil servants and incur other expenses considered unnecessary. In just one year, Najib Mikati’s government spent $400 million in areas that did not yield productive results, knowing that the ...
par Maurice Matta, 02/02 12:07 - Reading : 3 minute(s)
All eyes are on the meeting of the Central Council of the Banque du Liban, scheduled for today, led by the vice-governor Wassim Mansouri, alongside council members. The agenda for this meeting, initially set for Wednesday and rescheduled due to some members' travel, includes the amendment of Circular 151 after extensive weeks of discussions and ...
par This Is Beirut, 19/02 15:19 - Reading : 1 minute(s)
Acting Governor of Lebanon’s Central Bank (BDL) Wassim Mansouri commented on the subject of deposit restitution during his visit to London, saying that it is necessary to accept the fact that this "will not happen overnight, but that there are mechanisms in place to return them." He pointed out that "confidence in the banks will not be rebuilt ...
par Bassam Abou Zeid, 10/03 14:57 - Reading : 2 minute(s)
In light of the strong ties between the Lebanese Central Bank (BDL) and the US Treasury, Jesse Baker, Deputy Assistant Secretary of the US Treasury for Asia and the Middle East in the Office of Terrorist Financing and Financial Crimes, undertook a significant visit to Beirut. Following a two-hour meeting with BDL’s Acting Governor Wassim ...
par This Is Beirut, 28/04 13:44 - Reading : 1 minute(s)
Lebanon’s Central Bank (BDL) is said to be actively working on completing the technical elements of the Bloomberg platform, aimed at "regulating" the exchange rate and the movement of purchases and transactions. This will enable financial market professionals to access the foreign exchange markets and trade currencies using the functionalities ...
par This Is Beirut, 28/05 19:02 - Reading : 1 minute(s)
As per the latest figures released by the Central Bank of Lebanon, the number of outstanding bank payment cards reached 2,063,252 cards at end-August 2023, down from 2,379,207 cards at end-2022, witnessing a drop of 315,955 cards or 13.3% over the first eight months of 2023. In detail, resident payment cards continued to make up the majority of ...
par This Is Beirut, 11/07 10:05 - Reading : 2 minute(s)
Caretaker Minister of Energy Walid Fayad announced in a press release that he had "received a call from the Oil Marketing Company’s (SOMO) General Manager and the Iraqi Ministry of Petroleum. They informed him of Iraqi Prime Minister Mohammad Al-Sudani’s approval and his authorizing the unloading of diesel fuel at the Zahrani and Deir Ammar ...
par Maurice Matta, 23/07 11:46 - Reading : 3 minute(s)
Since August 1, 2023, Lebanon’s Central Bank (BDL) liquid foreign currency reserves have steadily increased from $8.573 billion to $9.9 billion by June 2024, marking an average monthly growth of $120 million under the new leadership. This development occurs under Lebanon's Central Bank policy of not financing the government with currencies, ...
par This Is Beirut, 18/08 19:02 - Reading : 1 minute(s)
abduction Central Bank Closure Libya
The Central Bank of Libya said on Sunday it was "suspending all operations" after a bank official was abducted in the capital, Tripoli, in a statement posted on social media. Musab Msallem, head of information technology at the Central Bank, "was kidnapped by an unidentified group from his house this morning," said the statement. The bank said ...
