Salameh: Lebanon maintains position as second largest gold reserve in Arab region

Lebanon Economy
08-04-2022 | 09:07
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Salameh: Lebanon maintains position as second largest gold reserve in Arab region
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Salameh: Lebanon maintains position as second largest gold reserve in Arab region
Central Bank Governor Riad Salameh said on Friday that "the bank's gold reserves amounted to 17.547 billion US dollars until the end of last February, adding that Lebanon maintains its position as the second largest gold reserve in the Arab region, with a wealth estimated at about 286 tons of gold."

Salameh made the remarks during an exclusive interview with the director of the "Middle East News Agency" office in Lebanon, in which he noted that "the total cash reserves of foreign currencies amounted to 12 billion and 748 million dollars until the end of last February."
 
He added that "the volume of the securities portfolio owned by the Lebanese Central Bank amounted until the end of last February to 4 billion and 197 million dollars, which includes euro bonds, a slight increase from last January."
 
"The remittances of the Lebanese working abroad amounted to about 6 billion and 400 million dollars during 2021," he explained.
 
Salameh also pointed out that "what happened to the financial sector in Lebanon is being addressed in the recovery plan that is being prepared by the Lebanese government in cooperation with the International Monetary Fund," praising the "initial agreement reached between the Lebanese government and the fund yesterday."

He stressed that “news circulated about the bankruptcy of the Central Bank is incorrect," adding that "the bank is exercising its role entrusted to it under Article 70 of the Monetary and Credit Law and will continue to do so, despite the losses that have afflicted the financial sector in Lebanon."
 

Breaking Headlines

Lebanon News

Lebanon Economy

Salameh

Lebanon

BDL

LBCI Next
Finance minister signs decree granting August bonus to military personnel
Recommended For You
d-none hideMe
LBCI
Lebanon Economy
2025-10-28

Lebanon's fuel prices updated

LBCI
News Bulletin Reports
2025-10-25

Lebanon tightens tax collection and security fees to boost state revenue

LBCI
News Bulletin Reports
2025-10-24

Talks, promises, and no progress—Can Lebanon ever seal a real deal with the IMF?

LBCI
Lebanon Economy
2025-10-24

Fuel prices drop across Lebanon

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Israel-Gaza War Updates
2025-10-10

Israel completes first phase of Gaza withdrawal: US envoy, citing Pentagon

LBCI
Lebanon News
08:27

At Naqoura talks, US envoy Ortagus, Lt. Gen. Clearfield stress continued coordination to preserve Lebanon’s peace

LBCI
News Bulletin Reports
14:08

Expat vote controversy dominates cabinet session, proposals referred for review

LBCI
Lebanon News
2025-10-03

Aly Berro skips interrogation over Raoucheh Rock lighting case, faces new summons

Videos
d-none hideMe
LBCI
Lebanon News
2025-10-04

Meet Miss Lebanon 2025 contestants: Video

LBCI
Lebanon News
2025-10-03

Series of Israeli airstrikes spark massive fire in southern Lebanon

LBCI
Lebanon News
2025-09-07

Lunar eclipse captivates Lebanon: watch the stunning video

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
News Bulletin Reports
13:54

Israel considers US warning on Hezbollah disarmament as justification for escalating border actions—the details

LBCI
Lebanon News
10:17

Army takes custody of 6 Palestinian security members over killing of Elio Abou Hanna, 5 others detained in separate murder case inside Shatila camp

LBCI
Lebanon News
09:20

Lebanon’s Cabinet tackles Elio Abi Hanna’s case, weapons in camps, and post-war reconstruction: The details

LBCI
Lebanon News
08:27

At Naqoura talks, US envoy Ortagus, Lt. Gen. Clearfield stress continued coordination to preserve Lebanon’s peace

LBCI
Israel-Gaza War Updates
04:18

Israeli army says Gaza ceasefire renewed after ‘dozens’ of targets hit

LBCI
Lebanon News
09:23

PM Salam calls for full disarmament of Palestinian camps after killing of Elio Ernesto Abou Hanna

LBCI
News Bulletin Reports
14:08

Expat vote controversy dominates cabinet session, proposals referred for review

LBCI
Lebanon News
07:39

Lebanese army targets major drug traffickers in Baalbek

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More