Lebanon Central Bank Statement

Author: IFLR Correspondent | Published: 24 Sep 2019

Lebanon's singularity continues to lie in its resilience and its unique ability to prevail under exceptionally arduous social, political and economic pressures.

At the monetary level, Banque du Liban (BDL) has been able to maintain its commitment to exchange rate stability and as a result has reinforced confidence in the financial system as a whole. Its solid stock of assets in foreign currencies ensures that BDL remains well-equipped to confront any crisis. As for interest rates, these witnessed an increase in 2018,...