Topic

Lebanon's central bank

Lebanon's Central Bank sets new rate for withdrawals from dollar deposits

Published 09 Dec, 2021 06:12pm

BEIRUT: Lebanon's central bank said on Thursday it had set a new rate of 8,000 Lebanese pounds to the US dollar for...

Lebanon's central bank denies Swiss report about 2016 IMF paper

Published 08 Oct, 2021 06:25pm

"This article and everything that was mentioned in it has nothing to do with the truth," Lebanese central bank says

Lebanon bank chief vows no forex raid to fund fuel unless law changed

Published 15 Aug, 2021 05:26am

BEIRUT: Lebanon's central bank governor vowed Saturday not to reverse his decision to stop subsidising fuel imports,...

Lebanon bank chief vows no forex raid to fund fuel unless law changed

Published 14 Aug, 2021 04:23pm

Foreign exchange reserves have dwindled in recent months to now stand at $14 billion -- approaching the minimum the bank is required to hold
"I will not review the removal of subsidies on fuel unless the use of compulsory reserves is legalised": governor

Lebanon's Central Bank calls for targeting subsidies

Updated 16 Jun, 2021 07:57pm

The bank reiterated that it would not use mandatory reserves to fund subsidies, which currently cost around $6 billion a year.
Lebanon's hard currency reserves have slumped from over $30 billion in late 2019 to just over $15 billion in March.

Lebanon's Central Bank calls for swift action to curb subsidies

Published 14 Apr, 2021 05:35pm

The bank said it had been forced to sell dollars in recent months to prevent inflation, which has already reached 84%, from spiralling as high as 275%, and the remaining reserves needed to be protected.
The Central Bank said the government should act quickly because of "the danger of the situation and the economic and social impact of any delay."

Swiss money laundering probe eyes Lebanon central bank chief: report

Updated 14 Apr, 2021 10:11am

GENEVA: From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of...

Lebanon central bank head says figures in some media about Swiss case 'inflated'

Published 25 Jan, 2021 07:07pm

Swiss investigators said last week they were looking into the allegations linked to Lebanon's central bank.
All the news and figures traded in some media outlets and on social media are very inflated and are far from reality.

Lebanon's central bank governor says no transfers made from bank's accounts

Published 21 Jan, 2021 06:03pm

Salameh also confirmed a Reuters report that he had answered questions from Lebanon's public prosecutor earlier on Thursday.

Lebanon receives Swiss request to cooperate on central bank inquiry

Published 19 Jan, 2021 06:04pm

Both the prime minister and the president are in the loop on the European move.
Lebanon is grappling with a deep financial crisis that has hammered the currency, spread poverty and prompted a sovereign debt default.

Lebanon to ask consultants to resume central bank audit, minister says

Published 23 Dec, 2020 05:54pm

Parliament agreed this week to lift banking secrecy for one year, after the restructuring consultancy Alvarez & Marsal pulled out of the audit.
It was decided based on the law from parliament and government decisions to contact the firm A&M to resume the forensic audit.

Lebanon's central bank tells banks to pay students abroad

Published 10 Dec, 2020 12:22am

Thousands of university students around the world have been caught up in Lebanon's financial meltdown.
The Lebanese parliament passed a law in October allowing students abroad to transfer $10,000 out at the official peg.

Lebanon central bank: govt should be the one to submit its accounts to audit

Published 04 Nov, 2020 07:10pm

Lebanon, grappling with a financial meltdown, hired the turnaround specialist this year for the audit of the BDL.
"This would spare the central bank from violating legally binding bank secrecy laws", it said.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.62
USD PKR Interbank Buying / Jun 4	278.42
USD to Japanese Yen / Jun 4	160
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 4	3.63

Stock	Volume
S&P 500 / Jun 4	7,584.31
India Sensex / Jun 4	74,360.01
Tokyo Nikkei / Jun 4	67,470.69
Nasdaq / Jun 4	26,830.96
Hang Seng / Jun 4	25,253.40
FTSE 100 / Jun 4	10,332.30
Dow Jones / Jun 4	51,561.93
Germany DAX 30 / Jun 4	24,944.95
France CAC40 / Jun 4	8,244.29

Item	Value
Crude Oil USD/Barrel / Jun 4	92.89
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Cotton US¢/pound / Jun 4	78.49
Petrol/Litre / Jun 5	381.78
Diesel/Litre / Jun 5	380.78

Gainers
Losers
Leaders

Stock	Price
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.19 ▲ 0.62 (13.57%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Escorts Bank / Jun 4 Escorts Investment Bank Limited(ESBL)	13.59 ▲ 1.24 (10.04%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Grays Leasing / Jun 4 Grays Leasing Limited(GRYL)	22.98 ▲ 2.09 (10%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)

Stock	Price
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.91 ▼ -2.69 (-6.79%)
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	32 ▼ -2.25 (-6.57%)
Shams Textile / Jun 4 Shams Textile Mills Limited(STML)	39.03 ▼ -2.58 (-6.2%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Ashfaq Textile / Jun 4 Ashfaq Textile Mills Limited(ASHT)	33.25 ▼ -1.89 (-5.38%)
Mughal Energy / Jun 4 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	423.01 ▼ -20.78 (-4.68%)
Gulistan Sp. / Jun 4 Gulistan Spinning Mills Limited(GUSM)	7.06 ▼ -0.32 (-4.34%)
First AL-Noor Mod. / Jun 4 First Al-Noor Modaraba(FANM)	6.60 ▼ -0.28 (-4.07%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	112,742,147 ▲ 0.26
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	32,085,063 ▲ 0.65
WorldCall Telecom / Jun 4 Worldcall Telecom Limited(WTL)	30,602,865 ▼ -0.01
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	29,547,446 ▲ 0.88
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	22,915,829 ▲ 0.56
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	21,952,752 ▲ 2.38
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	21,604,812 ▲ 0.03
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	20,173,269 ▼ -0.13
Maple Leaf Cement / Jun 4 Maple Leaf Cement Factory Limited(MLCF)	18,998,070 ▲ 1.39
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	18,802,886 ▲ 0.24

Lebanon's central bank

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