Friday, February 26, 2016

No immediate threat to the local currency. Riad Salameh: “We were not contacted by any GCC country regarding their deposits”


The Central Bank (BDL) and commercial banks have the necessary means to keep the lira stable, said Governor Riad Salameh. The size of Saudi deposits at the BDL was greatly exaggerated in some press reports, he told Reuters. He said that neither Saudi Arabia nor other Gulf states contacted the Central Bank regarding the deposits. Salameh said that he never heard of any Saudi measures against local economic interests.

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