Jobs
Properties
Automarket
Databank
EasyBanking
Search
Categories
Companies
People
Sectors
Topics
Business
Events
Conferences
Local trade exhibitions
International trade exhibitions
Professional
Training
Executive training
Trade
Missions
Incoming
Outgoing
Weekly
Newsletter
View latest issue
Subscribe
Update my subscription
Unsubscribe
SUBMIT INFO
News
Conferences
Exhibitions
Tenders
Training
Missions
Search
Categories
Financial
Markets
Business
Events
Trade
Missions
Business
Research
Calculation
Tools
Weekly
Newsletter
SUBMIT INFO
CHAMPION OF THE DAY
LEADERS NEWS
Foreign currency reserves
$22 billion at-hand
No ‘Haircut’ and fuel tax
VAT to be increased on luxury goods
The Minister of Finance, Ghazi Wazni, said that the foreign currency reserves at the Central Bank are $29 billion, of which the BDL has loaned $7 billion to banks for their external and internal obligations. This effectively brings at-hand reserves to $22 billion.
On the reforms he said: “Electricity is the main source of financial bleeding and will be one of the most prominent reforms, as well as reducing interest rates, and judicial appointments.”
Wazni said: “Some of the not-yet final proposals to reduce public expenditures require reducing the deficit of Electricité du Liban, such as raising tariffs but not on low-income people. It also includes raising VAT on luxury goods, and raising fees on some goods, but it will not impose new taxes on gasoline.”
He said: “There will be no ‘Haircut’ on large depositors, and there are many measures to address the situation of banks. Mergers are a prerequisite in addition to pumping $20 billion to $25 billion from abroad.”
Your browser does not support iframes.
Date Posted:
Mar 10, 2020
Your browser does not support inline frames
ABOUT
ADVERTISE
SUBMIT INFO
RSS
CONTACT US
©
2021 by InfoPro sal. All Rights Reserved