Most Banks to Raise Capital Before BDL Deadline
The majority of Lebanese banks are expected to raise their capitals by 20 percent before the Central Bank’s Feb. 28 deadline.
The majority of Lebanese banks are expected to raise their capitals by 20 percent before the Central Bank’s Feb. 28 deadline.
With Lebanon deep in financial crisis, the central bank has been subsidising basic goods by providing hard currency to importers at the old exchange rate of 1,500 Lebanese pounds to the dollar even as the currency fell by 80% from the peg.