Salameh Says Can't Use Obligatory Reserve to Finance Trade
Lebanon's BDL governor Riad Salameh said that the Lebanese Central Bank cannot use its obligatory reserve to finance trade once it reaches its minimum threshold.
Riad Salameh
Court Orders Repossession of Salameh’s Assets
Salameh: Lebanon Central Bank Aims to Bring Dollar Price Down Progressively
Hankache Says Solution Is to Change Political Class Through Early Parliamentary Elections
Salameh Says Necessary Measures Will Be Taken to Protect Lebanese Lira
Salameh Rejects PM's Criticism, Says No Need for Deposits Haircut
The Lebanese pound has lost more than half its value since October, falling away from the pegged rate of 1,507.5 pounds on a parallel market. Its descent picked up steam over the past week, hitting over 4,000 pounds to the dollar.
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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
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- 14:15AFP: UN to vote Thursday on backing ECOWAS action in The Gambia: diplomats
- 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
- 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
- 12:19AFP: Syria's Assad says Astana talks will focus on ceasefire
- 12:00The Parliament has ratified a law granting the right to access information
- 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
- 10:40Contract 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.
- 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
- 20:50Alfa: 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
- 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
- 18:10The second round of legislative session got underway under the chairmanship of Speaker Nabih Berri
- 18:06AFP: New Erdogan powers 'huge threat' to democracy, rights group warns
- 17:38LBCI: Gunmen have kidnapped the Lebanese citizen, Joseph Richa, on the Dahr al-Baydar road
- 17:37AFP citing US scientists: Planet shatters heat record for third year in a row
- 17:13The Cabinet session has ended at the Grand Serail
- 16:54Al Arabiya: AhraralSham faction in Syria declares that they won’t be participating in the Astana talks
- 16:51Al Arabiya: Russian jets supporting Syrian army assault on rebels near Palmyra
- 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
- 15:42The Cabinet session got underway under the chairmanship of Prime Minister Rafic Hariri
- 15:26NATO: Contact between Russia and the army Commander Haftar does not help resolve the Libyan crisis
- 15:07Al-Hayat Hospital is in urgent need of donors with B+ blood type. For donation, please call: 76/611488
- 15:07ICRC: Death toll in botched Nigeria air strike rises to 70
- 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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