Lebanese central bank to pay all outstanding debts in 2014
Lebanon’s central bank governor, Riad Salameh has said the bank would settle all its outstanding dues this year, including its $800m debt that matures at the end of this month, The Daily Star has reported. “We [the Central Bank] have over $36bn in liquidity and we have beefed up our foreign currency reserves,” Salameh said. “Commercial banks have excess liquidity and customer deposits are growing by 5% to 6% compared to last year. All of the foreign currency-denominated bonds have been replaced before their maturing dates,” he said.