ABL and Sector News

Press Release - Banks' commitment to continue insuring liquidity in LBP

October 17 2020

The Board of Directors of the ABL wishes to confirm that Lebanese banks will insure the monetary liquidity in Lebanese Pounds on the market as always in order to maintain the market’s stability, after the BDL (Central Bank) announced that it will continue to provide banks with the necessary liquidity.

The ABL also confirms that the liquidity in LBP will be insured by the BDL and banks without being limited to cash. Therefore, the ABL calls upon citizens to use the means at their disposal, especially credit cards, checks and bank transfers.

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