Are Lebanese banks’ US dollar reserve requirements with BDL usable?

The country is indeed trapped between two difficult choices, and it is imperative to have an unbiased and objective interpretation of the legal and regulatory provisions that govern the banks’ deposits with BDL as compulsory reserves.
by Paul Jean Merheb Harb and Dr. Henri J. Chaoul

21 March 2020 | 18:13

Source: by Annahar

A man sits on the stairs in front of the central bank in Beirut, Lebanon May 7, 2019. (Reuters Photo).

The current economic and financial crisis along with the drying up of US Dollar flows have sparked off a debate about whether or not BDL has the legal right to use the amounts deposited with it by...
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