lebanon’s governor of central bank says foreign reserves are stable
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Praising role of banking sector

Lebanon’s Governor of Central Bank says foreign reserves are stable

Arab Today, arab today

Arab Today, arab today Lebanon’s Governor of Central Bank says foreign reserves are stable

Governor of Lebanon’s Central Bank Reyad Salama
Beirut - Arab Today

Governor of Lebanon’s Central Bank Reyad Salama said that foreign exchange reserves are stable and do not require immediate reinforcement through intervention, saying that the Lebanese banks perform a major role to improve Lebanon’s economy during the coming period. He stressed that they work to extend the role of banks to outside the country.
He added, in an interview with “Arabs Today”, “Banks and financial institutions in Lebanon "has been able to achieve a high level of credibility, in terms of levels of liquidity and the standards of the sector that adhere to them at home and abroad.”
He continued that Lebanon built the banking model on the basis of the distinction between the work of commercial and investment banks without merging between the activities of the two institutions, saying that such approach helped them to keep the funds of depositors during crises. He added, “We also avoided being materials of speculations or investments that could be exposed to losses.”
He added that Lebanon has become one of the countries that have all the necessary laws to combat money laundering and terrorism financing, as well as to combat tax evasion, as the laws have been passed and recognized by the Organization for Economic Cooperation and Development.
 in an interview with Reuters published in February, the Central Bank governor said that Lebanon has met all the conditions set by FATF-GAFI (Financial Action Task Force) for fighting money laundering and was no longer subject to country follow-up.
FATF reported at a plenary meeting held in Paris in February that Lebanon has, legally and in practice, met all the required conditions to combat money laundering and terrorist financing.
According to Salameh, the FATF statement, issued by its 199 member states, is a reassuring factor for Lebanon’s international banking and financial dealings, and for Lebanese banks’ customers, particularly the Lebanese diaspora, as it facilitates their incoming and outgoing transfers to and from Lebanon.

 

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*

lebanon’s governor of central bank says foreign reserves are stable lebanon’s governor of central bank says foreign reserves are stable

 



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*

lebanon’s governor of central bank says foreign reserves are stable lebanon’s governor of central bank says foreign reserves are stable

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates

GMT 04:29 2018 Wednesday ,19 September

North and South Korea: Kim and Moon hail new future

GMT 14:18 2013 Monday ,19 August

Newlywed Lebanese couple pose at car bomb site

GMT 11:11 2011 Friday ,12 August

Palestinian university ranks seventh in Arab world

GMT 15:16 2015 Wednesday ,26 August

UAE ambassador attends charity ceremony in Qalubiya

GMT 16:59 2016 Tuesday ,26 July

Hedge funds in new cycle of oil short-selling
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday