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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanon FX Reserves Down $2.2 Bln in 2022, $11 Bln Left, Says Central Bank Governor

Lebanon's Central Bank Governor Riad Salameh speaks during an interview for Reuters Next conference, in Beirut, Lebanon November 23, 2021. (Reuters)

Lebanese central bank governor Riad Salameh said Tuesday the bank's foreign currency reserves had dropped by $2.2 billion so far in 2022 to about $11 billion, about a third of the level three years ago.

Salameh made the comments during a recorded interview with Lebanon's LBCI TV. As the interview aired, state security forces were raiding a home he owns northeast of Beirut as part of a judge's probe into alleged misconduct and corruption.

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