Lebanon Businessnews News

There are enough dollars
to meet market demand
Central Bank: There is no need for special measures
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Liquidity in the U.S. dollar is available in the banking sector and the Central Bank (BDL) has its own dollar reserves which exceed $38.5 billion, said Riad Salameh, Governor of BDL.

Talk in the media about the absence of dollars in the market is exaggerated and it serves certain goals, according to Salameh. He said that BDL is present in the market and that there is no need for any exceptional measures because the ongoing fear mongering is mainly taking place in the media, not in the market.

He said that the banks are meeting the demand among their customers for dollars.

It is up to banks to decide whether they offer dollar withdrawals from automated teller machines (ATMs) and most banks allow clients to withdraw dollars from their ATMs, Salameh said. He said that those who are unable to perform transactions at the ATMs of some banks can complete them at the counter in those same banks.
Reported by Shikrallah Nakhoul
Date Posted: Sep 23, 2019
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