Central bank

UK Eases Sanctions on Syria, Lifts Restrictions on 24 Entities

This is Beirut, 17:30 - Reading : 1 minute(s)

Syria United Kingdom Central bank Sanctions

The UK government lifted sanctions imposed during the rule of the former Syrian leader Bashar al-Assad against 24 entities, including Syria's Central Bank, a statement said. The UK government said last month it planned to ease sanctions after the new Syrian government sought to persuade Western capitals that the rebels that toppled Assad after 14 ...

Combating Paramilitary Financing: Key to Keeping Lebanon Off the Gray List

Bassam Abou Zeid, 05/03 11:25 - Reading : 2 minute(s)

Lebanon Central Bank Economy Hezbollah

Lebanon's inclusion on the Financial Action Task Force (FATF) gray list can largely be attributed to the lack of cooperation from Lebanese authorities in combating the financing of paramilitary groups, particularly Hezbollah, as well as other organizations like Hamas and the Islamic Jihad Movement. The failure to address this issue was largely ...

BDL Reserves at $10.526 Billion, $3.2 Billion Disbursed Through Circulars 158 and 166

Maurice Matta, 21/02 11:00 - Reading : 3 minute(s)

Lebanon Economy Central Bank

In line with the Lebanese Central Bank (BDL) policy to raise withdrawal limits, and following consultations with President General Joseph Aoun, House Speaker Nabih Berri, Prime Minister Nawaf Salam and Finance Minister Yassine Jaber, BDL’s Central Council decided earlier this week to increase the ceiling under Circular No. 158 to $500 per month ...

After the Withdrawal Limit Increase: What About BDL Reserves?

Christiane Tager, 20/02 22:30 - Reading : 2 minute(s)

Lebanon Economy Banks Central Bank

In a highly anticipated move, Lebanon’s Central Bank (BDL) announced on Wednesday an increase in the withdrawal limits for Circulars 158 and 166, raising them to $500 and $250 per month, respectively, effective March 1. While the decision was welcomed by depositors, it has sparked concerns over its cost and potential impact on BDL’s reserves ...

Eleven Banks Call On the State to Settle Its Debt to the Central Bank

This Is Beirut, 2023-12-05 20:37 - Reading : less than a minute

BDL Central Bank

Lawyers for 11 Lebanese banks filed a memorandum on Tuesday, calling on the Ministry of Finance to compel the Lebanese State to immediately pay the Central Bank (BDL) the sums it owes. The banks are taking this action because they are BDL creditors and are wronged by its inability to demand repayment of the Lebanese State's debts. The State must ...

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