Central Bank Governor Riad Salameh on Tuesday voiced confidence over the financial situation and the Lebanese pound’s stability, stressing faith in the country's ability to overcome hardships.
The government approved on Friday on raising the tax on interest rates for banks and depositors from 7% to 10% for three years as part of the 2019 draft austerity budget. "It was somehow a long session, but it was very productive in terms of pending issues,, most of which were approved, namely raising the tax on interest for banks and individuals from 7% to 10% for a period of three years. " Information Minister Jamal Jarrah said following the Cabinet session at the Grand Serail.
Beirut Stock Exchange announced that it will resume its work starting Wednesday morning, one day after it had suspended trading due to the strike staged by the Central Bank employees.