Middle East Economic Survey
Lebanon Issues Dollar-Denominated CDs To Boost Reserves
The Central Bank of Lebanon (CBL) on 12 April announced the issue of new high-yielding dollar-denominated certificates of deposits (CD) to boost its foreign currency reserves. According to CBL Governor Riad Salamah, this is the first time that the CBL has issued CDs in dollars which will initially be offered to local and international banks and institutions. The closing date...