Foreign currency reserves back at over $43 billion. Inflows have topped outflows since December

The Central Bank's foreign-currency reserves rebounded following the Prime Minister's withdrawal of his resignation in early December and they are now back at more than $43 billion, said Riad Salameh, Governor of Banque du Liban (BDL), according to an interview with Bloomberg. Foreign reserves dropped to nearly $41.5 billion after the resignation in November.

The recovery showed that confidence is "stronger after the crisis," Salameh said.

He said that the money outflows witnessed ...

Article details