Lebanon
Third Euro-Mediterranean central bank seminar
The third Euro-Mediterranean seminar, which brings together Eurosystem and non-euro area Mediterranean central banks, was jointly organised by the Bank of Greece and the European Central Bank and held in Nafplion on 25 January.
Former Bank of Lebanon governor dies
Edmond Naim, who as governor of the Central Bank of Lebanon from 1985-1991, kept the country's finances functioning during the last five years of the civil war, has died at the age of 88.
Shariah guidelines
Comments by delegates attending a conference on Islamic financial services in Luxembourg suggest that Shariah guidelines present a headache for central bankers.
Rating agency positive on Lebanon reserves
Leading international rating agency Standard & Poor's said on Monday 21 February that Lebanon's central bank foreign currency reserves will not be affected in the short term by the murder of former Premier Rafik Hariri.
Lebanon's central bank denies targeting Hamas
The Central Bank of Lebanon has attempted to deflect criticism of it by denying on Tuesday 23 September claims that it had issued a request to freeze the assets of Hamas and other Palestinian groups, according to The Daily Star.
Lebanon's Riad Salameh accentuates the positive
Lebanon's balance of payments recorded a big surplus of $2.5 billion until the end of June, central bank governor Riad Salameh said on Monday 11 August, according to a report by The Daily Star. He said he expected the growth in bank savings to reach an…
IMF report argues for dollar peg change in Jordan
An IMF working paper has recommended Lebanon and Jordan carefully consider pegging their currencies to the euro or for a peg to a basket of currencies, as opposed to the current US dollar peg, according to the Daily Star. "Both Lebanon and Jordan are…
Bankers say Lebanon not ready for Basel II
Delegates from Lebanese and Arab banks speaking at a bank conference said on Tuesday 10 June that financial institutions in the region need to invest more to comply with the rules of the Basel II agreement, according to the Daily Star.
Lebanon cb to increase forex reserves
Lebanese central bank governor Riad Salameh intends to increase foreign exchange reserves, currently at $10.2 billion, to absorb excess liquidity owing to the government's failure to launch any Treasury bills this year, according to a report in The Daily…
Lebanon c bank asks IT experts about web security
The central bank of Lebanon has invited all Lebanese and foreign companies in the area of IT to a general pre-qualification process for the creation of a secure IT infrastructure for the central bank, according to The Daily Star.
Lebanon c bank to launch electronic bank service
The central bank of Lebanon announced the launch of secure electronic banking and information for Lebanon (SEBIL) on Friday 16 May, reports the Middle East Financial Network. The new system provides identification authorization, cryptographic services,…
Lebanon c bank finds new stash of Iraqi cash
The US Treasury has said that US$495 million of Iraqi funds has been recovered by the central bank of Lebanon, reports Associated Press. The U.S. has stressed that all recovered assets will be used to help the people of Iraq and rebuild the country.
Lebanon's Saidi: Banks need new e-finance systems
First vice-governor of the Central Bank of Lebanon, Nasser Saidi, said banks should aim to develop Arab regional payment networks and to integrate national payment networks.
Lebanese central bank fighting money laundering
A report issued on Wednesday March 26 says that the central bank of Lebanon is increasing its activities against suspected money launderers, according to a report in the Lebanon Daily Star. Central Bank Governor Riad Salameh is reported to have said in…
Ex-central bank official sees Gulf conflict profit
A former vice-governor of the Central Bank of Lebanon says that the imminent US-led war against Iraq might hold more than a negative impact on this country.
GCC asks EU for currency advice
ARTICLE - Six Arab Gulf states have turned to the eurozone for advice in how to successfully start a single currency by 2010.
Arab Monetary Fund chief lauds Lebanon, Egypt
LEBANON - Lebanon and Egypt represent a role model for other Arab countries in fighting money laundering and terror finance, the Arab Monetary Fund chief said Monday.
C Bank of Lebanon launches new composite index
LEBANON - Banque du Liban launched a new composite index on 22 August, 2001.
Lebanon c bank remains main supplier of dollars
LEBANON - Demand for U.S. dollars was limited in the Lebanese market this week, with the central bank the main supplier of the hard currency, dealers said.
Lebanon needs stable currency - Bank governor
LEBANON - A stable currency is needed for successful privatisation of state-owned companies, Banque du Liban (Central Bank of Lebanon) Governor Riad Salameh said on 30 July.
Lebanese prime minister meets US bank delegation
LEBANON - The Lebanese Prime Minister Rafik al-Hariri met a delegation of the U.S. Central Bank on 13 July. They discussed issues concerning the bank situation in Lebanon. Hariri also met the head of the International Trade Chambers' Union Adnan Al…
Qatar comes to defence of Lebanese pound with $60m
LEBANON - Qatar joined a Gulf Arab consortium in defending the Lebanese pound by pledging to deposit $60 million with Banque du Liban, local newspapers said on Apr 18.
Oman $50 million boost for Lebanese cbank reserves
LEBANON - Oman deposited $50 million with Lebanon's central bank on Apr 6 to boost foreign currency reserves and to express its support for the government's economic measures, reported the local Daily Star newspaper.
Iraq to cooperate with Lebanon on monetary issues
Al-Quds newspaper reports on an understanding signed at the beginning of July 2000 between the Central Bank of Iraq and Lebanese banks and financial institutions on closer commercial co-operation. The newspaper quotes from a statement by Central Bank of…