Lebanese Pound Stable, Economic Situation Well ControlledSource: www.export-egypt.com 3/11/2018, Location: Middle East |
|
|
|
|
|
Lebanese Central Bank Governor, Riad Salameh, confirmed that the Lebanese Pound is stable and the economic situation is well controlled.
During his meeting with representatives of economic organizations and prominent economic figures at the Beirut and Mount Lebanon Chamber of Commerce, Salameh touched on various steps that could consolidate the situation of different economic sectors. "We are all here working to increase economic growth and create job opportunities, and it must be a fundamental goal for everyone in Lebanon," said Salameh. "Our policy at the Central Bank is based on the stability of the Lebanese Lira's exchange rate, which is a constant policy and we have all the necessary potential to preserve that stability," he reassured. The Governor also spoke about the strengths of the Lebanese economy, criticizing those who compare it to the economy of Greece, for the latter "possessed no strong banking sector nor a vital private sector nor large reserves in foreign currencies." "Despite the country's economic and financial difficulties, yet things are still under control and we are before the holding of international conferences that we hope will succeed because they will help Lebanon return to the path of advancement," Salameh emphasized. Moreover, he deemed that "if oil and gas are discovered next year, the reality will change dramatically, even before the cash flow." Salameh called for a broader role for the private sector while reducing the size of the public sector, in order to increase growth and create work opportunities in the country. |
|
|
Financials and Investment News in Lebanon >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| Lebanon Oil & Gas 1 >> |
