Financial and Banking News
REGIONAL BANKING
Banque du Liban to Increase Capital
The Lebanese Minister of Finance, Mr. Camille Chamoun, has proposed a bill to increase the capital of the country's central bank, the Banque du Liban, from the current inadequate level of LL15mn ($800,000) to LL1,000mn ($53mn). The extra funds would be taken from the Public Reserves according to normal procedures. However, it is possible that these reserves would first have to be augmented by...
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