Press Today

World Bank: Utility of BDL’s tools is depleting

The World Bank warned Lebanon’s risk profile is rising sharply in light of the convergence of negative local
and global factors, such as global monetary conditions. “The utility of some of the tools used by the Central Bank is
depleting following years of application. The Central Bank has responded by beefing up its stock of foreign exchange
reserves, lengthening the maturity of deposits and limiting the liquidity available, thereby inhibiting speculation against
the Lebanese Pound,” World Bank’s Lebanon Economic Monitor, released in fall 2018, said.
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