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Money Transfers to Be Paid in Lebanese Local Currency Instead of US Dollar (Shutterstock)

January 15th, 2019 - 08:04 GMT

Money Transfers to Be Paid in Lebanese Local Currency Instead of US Dollar

All money transfer offices must pay cash wired electronically from abroad to the recipients in Lebanese pounds only and not in U.S. dollars, Lebanon’s Central Bank announced Monday.

The 13 banks booked $90.06 million in credit loss provisions during the period, down from $141.12 million in the same quarter of 2012

July 30th, 2013 - 05:47 GMT

Lebanon in severe profit loss if political instability persists

UAE financial system must be strengthen by the Central Bank and the Banks Federation

July 17th, 2013 - 11:55 GMT

Banks have a plan to manage debt

any bank’s lending to the UAE federal governments would be capped at 100 per cent of its capital base compared to 25 per cent for lending to a single borrower

July 16th, 2013 - 08:03 GMT

Exposure limits may hit UAE banks

Halawi Exchange

April 25th, 2013 - 08:53 GMT

Accused money changers in Lebanon mull court challenge

Egypt's Central Bank auctioned of $600 million to cover key imports yesterday

April 15th, 2013 - 07:35 GMT

Egypt's Central Bank sells banks $600 million to cover key imports

Despite regional instability, Lebanon's banking institutions remain safe, the country's central bank chief claimed on Tuesday

April 9th, 2013 - 11:37 GMT

Lebanon's Central Bank chief says country's banks still resilient

More loans to state contingent on reforms

April 3rd, 2013 - 08:18 GMT

Lebanese banks won't lend government any more cash

The UAE Central Bank has agreed to cap mortgages at levels recommended by the UAE Banks Federation.

March 28th, 2013 - 12:29 GMT

UAE mortgage rules agreed

Lebanese banks reluctant to reopen in Cyprus

March 20th, 2013 - 10:06 GMT

Lebanese banks still wary over Cyprus

The SIC said that out of the 191 investigated cases 126 were local and the rest were foreign

March 5th, 2013 - 12:17 GMT

No longer hush hush? Lebanon lifts banking secrecy laws

Egypt's net foreign reserves fell by $105 million in February to $13.508 billion, the Central Bank of Egypt (CBE) stated on Monday.

March 5th, 2013 - 03:44 GMT

Egypt's foreign reserves keep on falling

Financial curbs on Bahrain airlines monitored

March 4th, 2013 - 11:35 GMT

Bahraini banks monitored over restrictions on airlines