NEWSLETTER
January 12 - 18, 2019
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Lira to dollar peg
not being reconsidered
Minister of Finance: Stability
of the local currency is crucial
The lira peg to the dollar will not be part of public finance reform said Caretaker Minister of Finance Ali Hassan Khalil.

The stability of the lira is crucial, he said.

Khalil said that the reforms include managing public debt and rescheduling it in coordination with the Central Bank and the local banks. There is no intention to restructure the debt or violate the rights of sovereign bondholders, he said.

The fiscal reforms proposed by the Ministry of Finance are part of the commitments made at the CEDRE donor confer
...more
ECONOMY
Two million tourists in 2018 6 percent increase for sector
European visitors increase by ten percent
Tax free spending up by seven percent
Trend is back towards leisure
FINANCE
Fransabank ups stake in BL to 82 percent
Sehnaoui and other investors exit BLC Bank
Inbound E-money transfers must be paid in lira only
Central Bank decision applies to firms like OMT, MoneyGram, and Western Union
Eurobonds recover after clarifications on debt
Highest increase in almost a month
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