No shortage in USD in Lebanese market: official

Source: Xinhua| 2019-09-23 21:35:26|Editor: Yurou
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BEIRUT, Sept. 23 (Xinhua) -- Lebanon's Central Bank Governor Riad Salameh said on Monday that there is no shortage in U.S. dollars in the Lebanese market, the National News Agency reported.

"The U.S. dollars is available at the central bank and commercial banks are meeting the demand of their clients for the currency," Salameh said at a news conference.

He noted that the central bank's liquidity in U.S. dollars surpasses 38.5 billion dollars.

The measures taken by some commercial banks of not allowing their clients to withdraw U.S. dollars from ATMs are related to the policies of each of these banks, he added.

Recent media reports have said that some people have had trouble changing Lebanese pounds into dollars in banks without being capable of withdrawing dollars at ATMs.

The reports created concerns among Lebanese residents who have their money deposited in U.S. dollars in banks.

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