Central Bank’s gold reserves jump 26 percent in 12 months. Improvement driven by surge in global prices

The value of the gold reserves held by the Central Bank (BDL) surged 26 percent to $13.9 billion by mid-August 2019 compared with a year earlier driven by a sharp rise in global gold prices, according to BDL data.



The spot price of an ounce of gold jumped to $1,520.40 on August 15, from $1,178.3 a year earlier, according to the London Metal Exchange. The ...

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Deposits are secure at Jammal Trust Bank. Liquidity is available to meet the needs of legitimate accounts

All lawful deposits with Jammal Trust Bank (JTB) remain secure until their maturity date and liquidity is available to meet the needs of the bank's legitimate depositors, said Riad Salameh, Governor of the Central Bank (BDL).

Salameh's statement came following an announcement by the U.S. Department of the Treasury that its Office of Foreign Assets Control (OFAC) has sanctioned JTB, alleging that it knowingly facilitated banking activities for Hezbollah.

JTB said: "In the days to co...

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Central Bank’s reserves up $1.4 billion in two weeks. Growth comes from non-resident private sector depositors

The foreign exchange reserves of the Central Bank (BDL), excluding gold, increased by nearly $1.4 billion during the second half of August to reach $38.7 billion at the end of the month, according to Riad Salameh, Governor of BDL.

This increase is due to the influx of deposits from the non-resident private sector directly to BDL and not the result of deposits by any foreign state or any international entity, he said.

This reflects depositor confidence, strengthens the stability of ...

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