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EXPLAINED: 12 | Rare Historical Photos

Lebanon’s Central Bank Not Bankrupt, Governor Says

Lebanon Central Bank Governor Riad Salameh on Monday denied that the institution he has led for 30 years was bankrupt and said it was still going about its legally-mandated role despite losses in the financial sector. The comments in a statement by the governor were an apparent response to the…

Asharq Al-Awsat

Egypt’s Net Foreign Assets Decline Sharply

Egypt’s Central Bank data showed on Sunday that the country’s net foreign assets (NFAs) went sharply negative in February, declining by 60 billion Egyptian pounds ($3.29 billion) to minus 50.3 billion pounds, for the fifth consecutive month. The shortage of foreign currency helped prompt the central bank to devalue the…

Asharq Al-Awsat

Morocco’s Public Prosecution Office, BAM Sign MoU to Promote Financial Security

The Public Prosecutor’s Office and Bank Al-Maghrib (BAM), Morocco’s central bank, signed on Friday a memorandum of understanding to establish a framework for collaboration to exchange data and expertise in areas of common interest, particularly promoting financial security. The MoU was inked by the Attorney General of the Court of…

Asharq Al-Awsat

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Brazil's central bank employees go on strike, as its chief vacations in Miami

Brazil's central bank employees began an indefinite strike for a wage increase on Friday, threatening the stability of the wildly popular Pix instant payment system and the publication of data releases.

Reuters

Lebanon prosecutor seeks freeze of central bank chief's oversees assets

Lebanon's top prosecutor has sought to freeze European bank accounts belonging to central bank chief Riad Salameh, a senior judicial source said, days after five European states seized assets related to embezzlement probes.

Reuters

Lebanon’s Central Bank Governor Skips Hearing Session

Lebanon’s judiciary on Thursday adjourned until June the questioning of Central Bank governor Riad Salameh in a corruption case brought against him on March 21. A lawyer for Salameh presented a preliminary defense of his client against the charges at Thursday's hearing, Lebanon’s National News Agency said. “Mount Lebanon First…

Asharq Al-Awsat

Lebanon's cenbank chief stays away from corruption hearing -state media

Lebanese central bank chief Riad Salameh did not attend on Thursday a judicial hearing he was summoned to last week after being charged with corruption, prompting the judge to schedule a new hearing in June, state media reported.

Reuters

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Lebanon Judge Sets June Hearing for Central Bank Governor Graft Probe

A Lebanese judge on Thursday postponed an interrogation session for central bank governor Riad Salameh until June after his lawyer attended a hearing in a corruption probe in his place, the state news agency (NNA) reported. Salameh, governor for nearly three decades, was charged with illicit enrichment last week. He…

Asharq Al-Awsat

Lebanon’s Central Bank Chief Is Suspect in 120 Mln Euro Asset Freeze Case

Lebanese central bank governor Riad Salameh is a suspect in a case the European Union's criminal justice agency said on Monday had led to the freezing of some 120 million euros ($132 million) of Lebanese assets, prosecutors in Germany said. The properties and bank accounts, linked to five people suspected…

Asharq Al-Awsat

Lebanon's Banks Threaten to Sue the State

A senior Lebanese official in the financial sector warned that the country was in a severe monetary crisis as a result of explicit duplicity in the state to dealing with the governance of the central bank and the banking system. The danger looms at a time when the talks with…

Asharq Al-Awsat

Lebanon: Brother of Central Bank Chief Kept in Custody

A Lebanese judge decided Thursday to keep the brother of the country’s embattled central bank governor in custody, a week after he was first arrested on corruption allegations, state media reported. The brothers — Governor Riad Salameh and Raja Salameh — have been charged with illegal enrichment and money laundering…

Asharq Al-Awsat

Lebanon: Mikati Proposes Inviting Central Bank Governor to Cabinet Meeting

Lebanese Prime Minister Najib Mikati proposed on Wednesday inviting central bank governor Riad Salameh to a forthcoming Cabinet meeting, the information minister said, an apparent show of support after Salameh was charged with illicit enrichment. Salameh has denied the charge brought against him by a Lebanese judge on Monday.

Asharq Al-Awsat

US, EU, UK to sanction Russian central bank, block SWIFT

Cumulatively the steps announced by the West since Russia began the invasion would potentially amount to some of the toughest sanctions on any country in modern times.

Chicago Sun-Times

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