Sep 30 2019 - 04:06
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Central bank governor says new circular will reduce pressure on dollar demand

Governor of Banque du Liban Riad Salameh noted Monday that the central bank Lebanon, news ,lbci ,أخبار Dollar,Lebanon,Governor of Banque du Liban Riad Salameh noted Monday that the central bank
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Central bank governor says new circular will reduce pressure on dollar demand
Lebanon News

Governor of Banque du Liban Riad Salameh noted Monday that the central bank guarantees the needs of both private and public sector in foreign currency, stressing that the bank will continue its duties according to fixed process without any changes.

 

Speaking from Baabda following a meeting with President Michel Aoun, the governor declared that the central bank will issue a circular on Tuesday that will be securing dollars for the banks at the official rate declared by the central bank to secure imports of petrol, medicine and flour, within the framework of a mechanism that will be explained in the circular.

 
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Salameh added that the bank will continue to support the funding for the productive sectors and housing, pointing out that the circular that will be issued will reduce the pressure on US dollar demand at currency exchange offices.

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