The official exchange rate at LL15,000 from next February BDL expects economic growth this year Starting next February, the official exchange rate will be devalued from LL1,507 to LL15,000 to the US dollar, according to Riad Salameh, Governor of the Central Bank (BDL). Dollars withdrawn by depositors from their bank accounts will be paid in […]
$500 million fund to lend local businesses – To be established by Palladium, Bamboo Capital, and Cedar Oxygen A group of private Lebanese investors, made up of Palladium and its asset management arm Bamboo Capital Partners in addition to Cedar Oxygen, have entered into a strategic partnership to develop a $500 million fund. The Lebanon Economic Empowerment […]
Climbing mortgage rates hit already high home prices CNBC’s Diana Olick reports on what the gain in home prices and inflation fears mean for the housing market.