NEWSLETTER
August 11- 17, 2018
Lebanese lira strong
unaffected by Turkish crash
World currencies tumble including euro, rand, peso, ruble, and yuan
The Lebanese lira has not been affected by the jitters caused the crash of the Turkish currency. Many currencies around the world were caught by the contagion of the crash of the Turkish lira. The Lebanese currency will not be affected because it is well protected by large foreign asset reserves of the Central Bank (BDL), said Marwan Barakat, Chief Economist and Head of Research at the Bank Audi group.

BDLís foreign asset reserves have reached more than $44 billion, which is equivalent to 82 percent of the Lebanese lira money supply, Bar
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BUSINESS
Pharmaline to open Nahr Ibrahim factory
To increase under licensed production
25 consortiums interested in hydropower production
Companies from 14 countries are bidding
FINANCE
Housing Bank resumes mortgage loan subsidies
The bank is seeking loans from Arab Fund and EBRD
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