Thursday, December 8, 2016

$14 billion raised by the Central Bank. Nets around $5 billion from abroad


The Central Bank ended last month the closing of around $14 billion, or more, in a series of swaps, issuance of certificate of deposits (CDs), and other financial instruments, in what Lebanon Opportunities called in its December issue "The deal of the century".

Lebanon Opportunities said: "This series of parallel transactions is shrouded in mystery. It was de rigueur for the Ministry of Finance and banks to produce fanfares and self-congratulatory statements at every successful – often ...

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