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Governor of the Banque du Liban: The decisions related to the requirements of the banks will contribute to the stability of the exchange rate
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Economy News - Baghdad
Central Bank Governor Riad Salameh said on Tuesday that new decisions related to bank requirements would contribute to stabilizing the lira's exchange rate.
He told Sky News Arabia that Lebanon's reserves amount to 19.5 billion dollars in addition to gold reserves, and that 30 percent of the money that left Lebanon's banks must be returned, adding that it is not logical that bank owners should not keep their money in the banks owned by them.
He stated that banks that will not comply with the latest directive on capital rates will have to exit the market after February.
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