The contract signed between the government and Alvarez & Marsal to conduct forensic auditing of Lebanon’s Central Bank does not contradict the banking secrecy and money and credit laws, a source at the Finance Ministry said Friday.
Central Bank Governor Riad Salameh Thursday dismissed allegations that BDL did not cooperate with auditing firm Alvarez & Marsal, stressing that some of requirements made by the auditing team violated money and credit law as well as banking secrecy.
The Central Bank said Wednesday that it handed over documents and information to international auditors Oliver Wyman and KPMG since these requests did not contradict Lebanese laws.
The Lebanese pound continued its downward trend against the dollar Wednesday, trading at around LL6,900 on the black market, as politicians horse-traded ministerial seats for the next government.
Lebanon’s Central Bank declined to provide international auditor Alvarez & Marsal with all the required documents and information under the pretext of banking...
The Lebanese pound continued to drop in value against the dollar Tuesday, trading at around LL6,800, as the country remains in anticipation of a new...
The Lebanese pound dropped in value against the dollar Monday, trading at around LL6,650 on the black market, as crisis-ridden Lebanon awaits a new government...
The Lebanese pound Saturday registered significant gains against the dollar, trading at around LL6,450 on the black market
Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as...
Saudi Arabia posted a budget deficit of 40.768 billion riyals ($10.87 billion) in the third quarter this year, the ministry of finance said Wednesday, as oil...
Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak...
Economic activity in France bounced back strongly in the third quarter following the lifting of the coronavirus lockdown, data showed on Friday, but the...
The significant rise of the Lebanese pound against the U.S. dollar in the last couple of days was probably the first sign that the local market has reacted...
The Lebanese pound rose further against the dollar Thursday, trading at around LL7,150 on the black market after Future Movement head Saad Hariri was...
The pound maintained its rise against the dollar Wednesday, trading at around LL7,400 on the black market as Hariri is set to be designated to form a new...
A US court issued a decision last week that will strengthen the jurisdictional defenses of Lebanese and other international banks facing lawsuits in the...
The Lebanese pound rose against the dollar Tuesday, trading at LL7,450 on the black market, a significant gain as hopes increased that a new government would...
The Lebanese pound remained stable Monday, trading at around LL7,800 on the black market, as the date of the consultations to designate a new prime minister...
The Lebanese pound remained stable against the dollar Saturday, trading at LL7,850 on the black market
The Central Bank Friday has backtracked on its decision to reduce the access to Lebanese pounds for commercial banks that will provide normal pound cash to...
ABL: BDL backtracks on decision to limit pounds to banks
Lebanese banks Thursday said they will be obliged to temporarily put a ceiling on the cash withdrawals of Lebanese pounds for their customers following a...
The Lebanese pound fell against the dollar Thursday, trading at around LL8,150 on the black market, after parliamentary consultations to designate a new prime...
he Lebanese pound fell marginally against the dollar Wednesday, trading at around LL7,900 on the black market
Many Lebanese banks have started lowering the ceiling of pound cash withdrawals following a Central Bank circular that called on lenders to limit their...
The Lebanese pound registered a 4.5 percent gain against the US dollar Tuesday, trading at around LL7,850 on the black market, as positive developments...
Bankmed has appointed former minister Raya Haffar El Hasan as the chairperson of the board after the resignation of Mohammad Hariri.
he Lebanese pound rose significantly against the dollar Monday, trading at around LL8,200 on the black market, as political talks intensified over the...
The Lebanese pound fell against the dollar Saturday, trading at LL8,700 on the black market, on what marks exactly two months since the resignation of the...
The Lebanese pound rose against the dollar Friday, trading at LL8,550 on the black market, as former Prime Minister Saad Hariri emerged as favorite to be...
With no sign that political blocs are converging around a favorite to head the next government and lead the country out of crisis, the Lebanese pound fell...
The Central Bank will ration spending of the remaining $1.8 billion foreign currency reserves to last longer than three months
The Lebanese pound fell against the dollar Wednesday, trading at around LL8,750 on the black market