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Lebanon

Central banker of the year announced

Several publications announced awards for the world's central bankers this week, including a Euromoney award for Lebanon' s central bank governor Riad Salameh for his management of the crisis during Israel's recent onslaught.

Lebanon's Salameh says currency 'stable'

Lebanon's currency is stable and its banks' reserves remain liquid despite the ongoing Israeli bombing campaign, the central bank governor said in an interview with Britain's Financial Times newspaper published Monday 24 July.

ECB's Quaden awaits evacuation from Lebanon

Belgian national bank governor Guy Quaden, also a board member of the European Central Bank, is set to be evacuated from Lebanon by Belgian authorities, where he was on vacation, his spokeswoman was quoted by Dow Jones as saying Tuesday 18 July.

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 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…

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