Lebanese banks abiding by US sanctions: Central Bank

BEIRUT: Lebanon's Central Bank's Governor, Riad Salameh, stated that Lebanese banks were complying with all the international sanctions against any state or party labeled by the West as terrorist states or organizations, reported The Daily Star. Salameh also said that the CB issued a memo to all Lebanese banks to respect the sanctions against any poarty be it a state, organization or individual in accordance with the international terrorism list. It is worth noting that the Governor of the CB said that the country's gross foreign currency reserves stood at USD37 billion and expected GDP to reach 2.5 percent this year.