Khalil speaks in Beirut, Tuesday, Dec. 4, 2018. (The Daily Star/HO)
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 Finance Ministry and Central Bank are reviewing ways to finance the country's needs either through the issuance of new Treasury bills, with possible higher return, or through a swap operation. These remarks came during the meeting between caretaker Finance Minister Ali Hasan Khalil and Central Bank Governor Riad Salameh, who touched on several key financial issues that have a major impact on the government's finances.According to figures released by the Association of Banks in Lebanon, the face value of outstanding Treasury securities denominated in Lebanese pounds reached LL72.05 trillion ($47.8 billion) at the end of October 2018, compared to LL73.22 trillion at the end of October 2017 .Earlier this year, the Finance Ministry issued a $5.5 billion four-tranche Eurobond that it swapped with LL8.25 trillion worth of Lebanese pound-denominated Treasury bills from Banque du Liban's portfolio.The Finance Ministry said at the time the issuance covers its refinancing needs and debt servicing in foreign currency until the end of 2018 .It pointed out that it plans to issue another Eurobond towards the end of the year, or in early 2019, depending on more appropriate conditions in emerging markets.
Lebanese banks brace for possible downgrade
U.S. steps up pressure on Beirut over Hezbollah
Lebanon could need IMF bailout if can’t cut deficit: analyst
FOLLOW THIS ARTICLE