The Central Bank of Lebanon (CBL) has sold some of its holdings of Beirut-issued foreign-currency bonds in order to boost foreign currency liquidity, CBL Governor Riad Salamah told an Arab central bankers’ meeting in Abu Dhabi on 29 September.
Mr Salamah says the CBL had sold the equivalent of $5bn Republic of Lebanon Eurobonds since the beginning of the year, including $1bn sold in September.
Mr Salamah says Lebanon’s foreign exchange reserves...