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Foreign Currencies

Foreign Currencies latest

Lebanon: Banks to Cap Interest Rates on Deposits
December 5th, 2019 - 07:30 GMT

Lebanon: Banks to Cap Interest Rates on Deposits

Lebanon's central bank told commercial banks on Wednesday to cap their interest rates on deposits in foreign currencies at 5% and to cap the rate on Lebanese pound deposits at 8.5%. The central bank also said it would pay interest due to US dollars deposited with it by Lebanese banks half in US dollars and half in Lebanese pounds as an exceptional measure. It said the same applied to US ...
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This causes the loss of the value of these funds and their positive return on Yemen.
September 22nd, 2019 - 06:00 GMT

Donors Must Transfer Funds Through Central Bank of Yemen

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