(The Daily Star/Hasan Shaaban)
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Central Bank Governor Riad Salameh announced Thursday that Banque du Liban intended to launch its own digital currency.The governor said the new digital currency will fall under Lebanese law and be monitored by BDL.But the governor did not give any indication how the new currency would be introduced in Lebanon.Salameh said that bitcoin and similar currencies are a big threat to the consumer and payment systems.Salameh reiterated that there is no threat against the Lebanese pound thanks to the $43.5 billion in foreign reserves held by BDL.The CSR Lebanon Forum has drawn hundreds of participants from many companies and banks, underlining the importance of corporate social responsibility.In the many cases of genuine CSR, in which companies have put their long-term social responsibility ahead of short-term profits, the results have been largely positive.
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