Central Bank Caps Interest Rates on Deposits

Economics
Thursday 13th February 2020, 02:45 (EET)

The circular, published by al-Jadeed, LBC and MTV, set a cap of 2% on dollars deposited for a month and a 4% cap on dollars deposited for a year or more. The rates apply on deposits made or renewed from Feb. 12.

Source: Reuters

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14:38The National News Agency has again stopped publishing news until the demands of the Information Ministry's contract workers are met
13:53Kataeb leader Samy Gemayel via LBCI: There's an implicit attempt to extend the parliament's term by staging the polls based on the 1960 law
13:22Jamil Richa via MTV: We haven't received any call for the abductees so far
12:00The Parliament has ratified a law granting the right to access information
10:40Contract workers at the Information Ministry: The National News Agency as well as Lebanon Radio will stop publishing or covering news, including those related to the legislative session, until our demands are met.
20:50Alfa: Alfa subscribers have been facing a slowdown in the mobile data service since 6:30 PM due to a malfunction in the network belonging to Ogero
18:10The second round of legislative session got underway under the chairmanship of Speaker Nabih Berri
17:38LBCI: Gunmen have kidnapped the Lebanese citizen, Joseph Richa, on the Dahr al-Baydar road
17:13The Cabinet session has ended at the Grand Serail
15:42The Cabinet session got underway under the chairmanship of Prime Minister Rafic Hariri
15:07Al-Hayat Hospital is in urgent need of donors with B+ blood type. For donation, please call: 76/611488

14:15Hezbollah: Israel has installed a spy device near the technical fence south of Al-Odaysseh
14:15AFP: UN to vote Thursday on backing ECOWAS action in The Gambia: diplomats
13:17AFP citing spokesman: Adama Barrow to be sworn in at Gambian embassy in Senegal
12:41Reuters: South African mining deaths fall to new record low in 2016
11:57Reuters: Lavrov says Russia invited US to take part in talks on Syria
11:30PM: Poland's priority for Brexit is to guarantee rights of Poles in Britain
11:00Reuters citing Iranian State TV: At least 38 people injured as blazing high-rise building in central Tehran collapses
10:21Tehran: 15-storey building on fire in Tehran has collapsed
10:05Sky News: Avalanche hits hotel after Italy earthquake killing 'up to 30'
09:44Reports: 'Many dead' in avalanche-hit hotel after Italy quake
09:36AFP: Thai Airways to probe Rolls-Royce corruption
09:17Reuters: Samsung chief staves off arrest, but prosecutor keeps chasing
08:35AP: At least 24 children killed when bus, truck collide in India
08:17Reuters: China says Philippines' Duterte to visit again as ties warm up
06:44Reuters: Netflix adds a third more subscribers than expected; shares jump eight percent
20:37Reuters: Ex-US president George H.W. Bush moved to intensive care; wife hospitalized
19:57President: Colombian government, ELN rebels agree to start peace talks
19:48AFP: Nigeria says sending troops, jets to Senegal for Gambia force
19:33Chinese President Xi Jinping at UN: 'Nuclear weapons should be completely prohibited'
19:19WikiLeaks: Assange says would go to US only if rights guaranteed
18:51Reuters: Security turns U.N. in Geneva into ghost town as China's Xi visits
18:29Reuters: Commerce nominee Ross says he supports tariffs as a negotiating tool and punishment for those countries that don't 'play by the rules'
18:28Al Arabiya: Trump US commerce secretary nominee Ross says broadband is 'a path to the future', central component of economic policy
18:06AFP: New Erdogan powers 'huge threat' to democracy, rights group warns
17:37AFP citing US scientists: Planet shatters heat record for third year in a row
16:42Reuters: Russia says joins forces with Turkey to bomb Syria militants
16:16AFP: UK Supreme Court to issue Brexit ruling on Tuesday
15:54AFP: Top general says NATO relevance 'not in question', after Trump remarks
15:26NATO: Contact between Russia and the army Commander Haftar does not help resolve the Libyan crisis
15:07ICRC: Death toll in botched Nigeria air strike rises to 70

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