Arab Today, arab today finance ministry to issue tbills in foreign currency next year
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Treasury bills in local currency worth $765 US million

Finance Ministry to issue T-bills in foreign currency next year

Arab Today, arab today

Arab Today, arab today Finance Ministry to issue T-bills in foreign currency next year

Governor of the Central Bank of Lebanon
Beirut – Georges Chahine

Governor of the Central Bank of Lebanon Beirut – Georges Chahine The Finance Ministry succeeded in raising about $765 US million in order to issue 10-year treasury bills, in Lebanese lira, with an interest rate of 8.24%. By the end of last July, T-bills in Lebanese currency were in high demand , especially by the local banks with a liquidity surplus of 77.86%, according to Riad Salama, Governor of the Central Bank of Lebanon.
This led to an improvement of banks’ interest margins after a decline in their shares during the last period.
However, most of the Lebanese banks have refrained from subscribing to the short- and medium-term T-bills because because the yields on them are too small and therefore not very appealing to investors and lenders.
The move is reflected in the increase of the Central Bank’s share of the public debt from 23% in 2009 to 27% in 2010, and 31.6% last July against the decrease in the Lebanese banks’ shares from 60.7% in 2009 to 56.4% in 2010 and 51.7% last July.
In a related move, Governor Salama also said that the Finance Ministry is expected to issue 10-year treasury bills in foreign currency by next October.
The total share of the Lebanese state of the internal debt for 2013 is estimated to be $ 8.5 US billion, of which $6.6 US billion is local debt and more than $1.6 US billion is foreign debt.
Lebanese banks demanded the necessary reforms to reduce budget deficit and public debt.
 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finance ministry to issue tbills in foreign currency next year Arab Today, arab today finance ministry to issue tbills in foreign currency next year

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finance ministry to issue tbills in foreign currency next year Arab Today, arab today finance ministry to issue tbills in foreign currency next year

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday