Bank has enough currency reserves including dollars for the next 13 months but there isnt enough dollars for importers and traders how does that work well the fact is that the central bank does have. Reserves but the situation is actually quite precarious just because weve been actually living with a large budget deficit and very increasing a trade deficit now the inability of the lebanese government to actually attract capital from abroad its putting a lot of pressure on actually deserves so what the central bank is trying to do is actually slow down sort of of its reserves in order to actually contain this situation right now. Is there a trust issue between the banks and the Central Banks or as the Central Bank Governor has suggested dollars should be used inside lebanon and not outside is he suggesting then dollars are being withdrawn and spent in say syria actually did relationship between the Banking Sector and the central bank is actually quite strong in fact its that high level
A critical source of finance but there are other reasons behind the shortage of cash in the country. On iran for example affected its funding for its ally in lebanon which is also under sanctions this is disrupted the flow of remittances countries also stop providing help to a country they believe is controlled by their rival iran people are starting to take to the streets there is panic over the currency losing value which has hurt their spending power last month the government declared a state of economic emergency for these protesters however this crisis is not new and they want those in power to be held responsible for years of mismanagement and corruption well lets talk more about whats happening in lebanon from beirut we have sami executive director of the lebanese policy studies thanks very much for being with us. So i want to ask you 1st help me out with this the central bank has enough currency reserves including dollars for the next 30 months but there isnt enough dollars for
A critical source of finance but there are other reasons behind the shortage of cash in the country. On iran for example affected its funding for its ally in lebanon which is also under sanctions this is disrupted the flow of remittances countries also stop providing help to a country they believe is controlled by their rival iran people are starting to take to the streets there is panic over the currency losing value which has hurt their spending power last month the government declared a state of economic emergency for these protesters however this crisis is not new and they want those in power to be held responsible for years of mismanagement and corruption well lets talk more about whats happening in lebanon we have sami executive director of the lebanese policy studies thanks very much for being with us. So i want to ask you 1st help me out with this the central bank has enough currency reserves including dollars for the next 30 months but there isnt enough dollars for importers a
Market might dry up on them. Semiconductor issues, financial issues, could way on them could expand, global slowdown. Get consumer durables involved in that. Those sensitive to the economy involved in that. All of sudden, before you know it, katybarthedoor. The psychological indicator, the vix, that is flashpoint how people are feeling. That is jumping in excess up 33 earlier. Up 23 right now. Were keeping an eye on that as sentiment, what people are feeling about the market. They are feeling a little nervous. Numbers out of the Services Sector slid to a threeyear low. The reason i mentioned even the Services Sector, it at least is following in this report, a fourth straight month, downward trend, still expanding but at a slower rate. That is happening with the manufacturing sector. Twin sluggishness is weighing on these markets. Typically would pounce on negative news, being good for Interest Rates coming down. That is indeed happening. 10year note 1. 75 . Normally that would be a sal
Unless they did not protect him as they should have protected him. The state was in charge of finance or security. The state is directly responsible for the murder of my husband. The state still has to give many answers about everything that happened. His personal gods did not do the job. I do not want to think that i sold my husband to be noted in this way. At least 89 people are dead and moving a 1000 us still unaccounted for. After a while fires ravaged the Hawaiian Island of maui. Many, including the states attorney general, are asking why the uninstall islands didnt sound well, although were not systems fail in west africas regional block echols is to send a delegation to new jersey to try and persuade community does to step down the shares, ministry has held a meeting of its interim government and says it has no plans to see power at glass says its repaired to take military action. But the suspended i plan summit of its defense chase, us republican president ial hopefuls are atte