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 / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.39 ▲ 0.24 (11.16%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Biafo Ind. / Jul 21 Biafo Industries Limited(BIFO)	130.83 ▲ 11.89 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
United Insurance / Jul 21 The United Insurance Company(UNIC)	12.68 ▼ -1.41 (-10.01%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	414.40 ▼ -46.02 (-10%)
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.05 ▼ -8.78 (-10%)
Shams Textile / Jul 21 Shams Textile Mills Limited(STML)	57.58 ▼ -6.4 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Pakistan Credit Rating Agency / Jul 21 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36 ▼ -3.62 (-9.14%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	22.90 ▼ -2.21 (-8.8%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98.02 ▼ -7.77 (-7.34%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.71 ▼ -0.61 (-7.33%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	263,436,960 ▼ -0.69
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	110,849,016 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	73,851,952 ▲ 0.89
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	58,224,946 ▲ 0
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	26,116,799 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	24,336,000 ▲ 0.97
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	22,413,148 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	20,069,620 ▲ 0.41
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	15,692,784 ▲ 0.14
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	13,608,067 ▼ -2.01

Lebanon's central bank

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