banking
Asia stocks up but investors worry about rate hikes
May 25, 2022
Hong Kong, May 25 (BNA): Asia stocks rose on Wednesday even as central banks piled into aggressive rate hikes to battle soaring inflation and left......
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Nine Lebanese banks to withdraw from Cyprus
May 25, 2022
Nine Lebanese banks are shutting down their operations on the Mediterranean island of Cyprus, a representative of the Cyprus Central Bank said on......
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Dollar exchange rate crosses LBP 34,000 on black market
May 25, 2022
The dollar exchange rate crossed LBP 34,000 on the black market on Tuesday, marking a new record high in the country’s history. The dollar......
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BDL extends circular allowing banks to buy dollars via Sayrafa
May 19, 2022
The central bank has extended the implementation of Circular 161 until the end of July, allowing banks to continue to purchase dollars via the Sayrafa......
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Lebanese Pound declines to 29,500 after elections
May 18, 2022
As Lebanon awaits the final results of its parliamentary elections, enormous difficulties lie ahead. The value of the Lebanese pound dropped on Tuesday,......
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Bank of England official warns of tough times for crypto
May 18, 2022
RIYADH: Investors in crypto currencies should expect more difficult times ahead as tightening financial conditions around the world stoke appetite......
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Dollar perched at 2-decade high on weak China data
May 16, 2022
The US dollar consolidated gains near a two-decade peak on Monday as poor Chinese economic data hurt cyclical currencies including the British pound......
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Lebanese activists launch mock 'lollar' currency
May 14, 2022
Lebanese activists Friday rolled out mock banknotes featuring paintings of a gutted central bank or the Beirut port explosion to denounce high-level......
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Lebanon's central bank foreign exchange audit to be completed within weeks
May 12, 2022
Lebanon will finish an audit of the central bank's foreign exchange position within two to three weeks, the country's deputy prime minister......
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World Bank grants Lebanon $150 million food security loan
May 10, 2022
The World Bank approved a $150 million soft loan for food security in crisis-hit Lebanon to stabilize bread prices during the coming months, the......
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