Tag Archives: Central Bank of Lebanon

Lebanese central bank governor Riad Salameh maintained his innocence amid allegations of corruption, saying in a radio interview on Saturday that his conscience was clear. Salameh is under investigation in Switzerland on charges related to embezzlement, and probes are underway or being planned in several other European countries. Last week, …

Lebanon’s caretaker prime minister said on Thursday the central bank had broken the law by deciding to remove fuel subsidies, and the damage done would outweigh the benefits of preserving the mandatory reserves which the bank is trying to protect. A loss of fuel subsidies would open a new phase …

The Lebanese governments endorsed an economic reform plan on Thursday aimed at dealing with the nation’s deepening financial crisis, President Michel Aoun said. “Today is a historic day because for the first time an economic and financial plan has been endorsed after a lack of planning and prospects almost brought …

Lebanon’s central bank governor defended himself Wednesday against scathing criticism by the government, claiming there is a “systematic campaign” meant to hold him responsible for the country’s recent financial crisis and the collapse of the national currency. Speaking in an hour-long video conference, Gov. Riad Salameh, who has held the …

The governor of the central bank of Lebanon, officially known as Banque du Liban, says efforts are underway to tackle the worsening financial crisis that has caused several businesses to close and many people to lose their jobs amid growing fears about the country’s economic future. “We are solving the …