People stand in front of the Lebanese Central Bank in Beirut, Monday, Feb. 25, 2013. (The Daily Star/Hasan Shaaban)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The Central Bank will again come to the rescue of Parliament if lawmakers do not approve the issuance of new sovereign Eurobonds, bankers and economists said Wednesday.The Central Bank has sold $2.2 billion of sovereign Eurobonds this year, and swapped LL6 trillion of 2013 and 2014 certificates of deposit with longer maturity ones, Salameh disclosed. Economists and bankers estimate that Lebanon needs to roll over and issue new Eurobonds valued at $1.7 billion in 2014 and these new issues require the prior approval of the Lebanese Parliament.The banker noted that in recent years the Finance Ministry and the Central Bank had extended the maturity of the T-bills for up to 10 years with reasonable interest rates.
Sfeir unveils ‘list of change’ competing for banking association’s board
Sfeir refuses to bow out of ABL election
ABL set for first competitive elections in 23 years
FOLLOW THIS ARTICLE