NEWSLETTER
January 10-17, 2020
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Salameh: Capital control
to ease starting from June
No haircut on deposits in the horizon
The restrictions imposed by the banks on outbound transfers will be lifted gradually starting from June, said Riad Salameh, Governor of the Central Bank (BDL).

“Capital control changes the nature of the economy. It is a decision taken by the government and requires a law that must be ratified by Parliament,” said Salameh in a TV interview.

He said that BDL has asked the Ministry of Finance and the caretaker Prime Minister to give it the green light to regulate the existing bank restrictions. BDL will issue a circular in this rega
...more
BUSINESS
Berytech launches agri-food and clean tech innovation hub
Startups to receive grants from the Netherlands
New car sales drop 33 percent
KIA tops the list
$6.8 billion property sales 50,000 transactions in 2019
Highest activity was in December
ECONOMY
Recession first started in 2018
Inflation increased to 5.5 percent
FINANCE
Tax data exchange with Switzerland not ready
Lebanon has first to abide by confidentiality and safeguards standards
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