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Central Bank Governor says dollar reserves climb by $1.4 bln in first two months of year

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06-03-2018 | 04:48

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Central Bank Governor says dollar reserves climb by $1.4 bln in first two months of year

The Lebanese central bank's dollar reserves climbed by $1.4 billion in the first two months of the year and its total assets in dollars exceeded $43 billion, its governor said on Tuesday.

Riad Salameh gave the figure in a speech to an economic conference in Beirut. He earlier told Reuters the general reserve of the central bank and its assets in foreign currencies had increased by $1.5 billion in the first two months.

Salameh also told Reuters that November's around 2 percentage point increase in local currency interest rates had been sufficient to iron out market imbalances, "therefore we have an outlook of stable interest rates".

REUTERS

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