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Lebanon's financial situation safe: Bank of Lebanon governor

Xinhua,March 28, 2018 Adjust font size:

BEIRUT, March 28 (Xinhua) -- Banque Du Liban (BDL), or the Bank of Lenanon, Governor Riad Salameh assured Wednesday that the Lebanese currency is "safe and there is no crisis," slamming reports of "bankruptcy," the Lebanese Broadcasting Corporation International (LBCI TV) said.

"The Lebanese currency is doing fine. Rumors about bankruptcy are merely political bidding," he said on the sidelines of an annual meeting of the Union of Arab Securities held in Beirut.

"Lebanon is safe because it does not have high assets in foreign currency, and its banking sector enjoys liquidity, capital and capitalization. There are many investors who have confidence in investing in Lebanon," Salameh assured. Enditem

 

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