YOU WONT BELIEVE: Banque du liban - What They Never Told You

Paris Court to Debate French Seizures of Salameh Assets

AThe Paris Court of Appeal will debate on Tuesday the validity of a large number of seizures made on the real estate and banking assets in Europe of the governor of Lebanon's central bank, Riad Salameh, who is suspected of having acquired them through massive misappropriation of Lebanese public funds.…

Asharq Al-Awsat · Apr 3, 2023

Lebanese C.bank Chief Salameh Says He Will Not Seek New Term

Lebanon's veteran central bank chief Riad Salameh said he would not seek a new term in office once his latest six-year stint at the head of the Banque du Liban ends. "My decision is that, at the end of the term, it will be a page I turned in my…

Asharq Al-Awsat · Feb 10, 2023

BDL Role Shrinks in Lebanon’s Cash Game

The central role of Banque du Liban (BDL) in currency exchange markets has shrunk dramatically due to the stress brought about by monetary speculation, which mainly feeds on the deepening state of uncertainty experienced by Lebanon. While BDL is supposed to be a major maker of exchange markets and a…

Asharq Al-Awsat · Jan 15, 2023

Lebanon’s President Urges Judges to Prosecute Central Bank Governor

Lebanese President Michel Aoun has called on the country’s judges to “rise up for their dignity and not to be afraid of the oppression of those in power.” He also urged the judiciary “to be completely liberated from any persuasion or intimidation,” specifically in the case of the prosecution of…

Asharq Al-Awsat · Aug 17, 2022

Lebanese PM: Agreement Needed on New C.bank Chief Before Probe Takes Course

Lebanese Prime Minister-designate Najib Mikati said on Tuesday a political agreement on a new central bank governor was required before a probe into current head Riad Salameh progresses. He made his comments shortly after a judicial raid on the Beirut headquarters of Banque du Liban, a move Mikati denounced as…

Asharq Al-Awsat · Jul 19, 2022

Lebanon reaches agreement with IMF on economic reforms

Agreement could potentially unlock access to IMF funds if Lebanese authorities implement a series of reforms.

Al Jazeera · Apr 7, 2022

Lebanon Central Bank Seeks Names of Those Who Failed to Repatriate Funds amid Crisis

Lebanon's central bank has asked commercial banks to provide the names of political figures who failed to comply with a circular ordering them to repatriate funds sent abroad in the lead-up to the country's 2019 financial meltdown. Lebanon's financial crisis, which the World Bank has labeled one of the deepest…

Asharq Al-Awsat · Mar 9, 2022

Contracts Show Lebanon’s Central Bank Obscured Recipients of Commissions

For more than a decade, Lebanon's central bank charged commercial banks in the country commissions when they bought government securities without making clear that the bulk of those commissions went to a company controlled by the brother of the central bank's governor, according to documents seen by Reuters. Four contracts…

Asharq Al-Awsat · Feb 21, 2022