Lebanon c.bank says selling govt bonds to boost liquidity

Reuters

Lebanon's central bank has been selling some of its holdings of international bonds issued by the Lebanese government to improve its foreign currency liquidity, central bank governor Riad Salameh said on Sunday.

"The central bank has sold from its own portfolio the equivalent of $5 billion this year. During the month of September alone we sold $1.1 billion," he told reporters on the sidelines of an Arab central bankers' meeting in Abu Dhabi.

Source: Reuters FULL STORY