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Money Transfers to Be Paid in Lebanese Local Currency Instead of US Dollar (Shutterstock)

January 15th, 2019 - 08:04 GMT

Money Transfers to Be Paid in Lebanese Local Currency Instead of US Dollar

All money transfer offices must pay cash wired electronically from abroad to the recipients in Lebanese pounds only and not in U.S. dollars, Lebanon’s Central Bank announced Monday.

The UAE Central Bank issued a statement on Wednesday. (Shutterstock)

December 13th, 2018 - 09:00 GMT

UAE, Saudi to Use Digital Currency to Speed up Transactions

Local banks increased their hiring while foreign banks reduced the number of employees. (Shutterstock)

September 5th, 2018 - 06:45 GMT

More Than 750 Employees Hired in UAE Banks

Banks' liquidity needs will be provided by the Central Bank of the Republic of Turkey (CBRT), the bank has announced. (Shutterstock)

August 14th, 2018 - 08:17 GMT

Turkey Central Bank Changes Regulations to Support Banks

Among the options Salameh may resort to is to issue new certificates of deposit with long-term maturity that carry 7 to 9 percent interest. (File photo)

September 29th, 2016 - 09:47 GMT

Lebanon: The irony of having too much cash in the bank

Nearly 30 percent of the assets of banks in Lebanon are in cash. (File photo)

September 7th, 2016 - 08:00 GMT

Lebanon's dash for cash: Demand for hard currency doubles over seven years

The deficit in the balance of payments, and which reached $664 million in the first three months of 2016, constitutes a challenge facing monetary stability in Lebanon. (World Finance)

May 15th, 2016 - 08:12 GMT

Lebanon's Central Bank to launch more economic initiatives

The Central Bank of Egypt will hold an exceptional auction to help meet import needs. (Al Bawaba/File)

December 2nd, 2015 - 10:20 GMT

Central Bank of Egypt to add dollar liquidity

The Egyptian pound was unchanged at 7.73 pounds to the dollar for the second time on Thursday's foreign exchange auction.

July 9th, 2015 - 01:50 GMT

Egyptian pound remains steady on the official market: state

Al Bawaba

July 2nd, 2015 - 05:08 GMT

More efforts needed to nurture US-Arab bank relations

Al Bawaba

June 9th, 2015 - 11:27 GMT

Half of Egypt's foreign investment dues paid: Central Bank

It added that the subsidiary was never asked by Turkish authorities to take any specific measure with regard to combating money laundering and terrorist financing, as alleged the newspaper.

April 3rd, 2015 - 06:53 GMT

'We're not related': Bank Audi denies ties to Daesh

Al Bawaba

April 1st, 2015 - 08:23 GMT

Replacing Switzerland? Why Lebanon isn't keeping its banking secrecy a secret