BDL: Al-Sayyed Spreading Rumors, Lebanon Gold is Safe

W460

The Banque du Liban – Lebanon’s central bank -- assured Monday that “Lebanon’s gold is safe,” in response to MP Jamil al-Sayyed’s remarks that BDL Governor Riad Salameh “had partially or totally disposed of the gold owned by the Central Bank.”

The Central Bank said that Lebanon’s gold reserves “have not been touched,” and will not be touched nor used “as a mortgage” against the country’s interests “as some people wish.”

“Al-Sayyed has been spreading rumors and lies about the Central Bank and its governor and against the banking sector in Lebanon,” the BDL charged.

The Banque du Liban also underlined that it will “preserve the obligatory (foreign currency) reserve,” and called on the officials to revive the Lebanese economy and regain local and international trust by “forming a new government that will implement the required reforms."

SourceNaharnet
Comments 7
Default-user-icon Facing the Truth (Guest) 12 July 2021, 17:55

Of course the gold is gone, was stolen years ago. No auditor was allowed into the vault to see it. Bank officials said only senior officers could do in!
No one has seen it for 30 years, except the ones who took it.

Default-user-icon KB (Guest) 13 July 2021, 15:11

The gold are not in a vault in Beirut. They are in NY and they cant be touched without a law passed by the parliament.

Default-user-icon Facing the truth (Guest) 13 July 2021, 16:27

I should have written: Bank officials said only their senior officers could enter the vault where the gold was supposedly kept.
NO ONE refuses the request of an auditor, except crooks with something to hide. By the way, what happened to the audit? No word for months if it is ongoing. That was a requirement of the IMF for the release of funds.
Give Salameh immunity from prosecution and maybe he will tell where all the warlords sent their ill-gotten gains, so the Govt can recover it. It seems the collapse of Oct 2019 began as people sought to hide funds, and $35 billion was sent abroad.

Thumb i.report 12 July 2021, 18:15

The BDL can’t be trusted . How can we verify the claims?

Thumb warrior 13 July 2021, 05:04

One week before the collapse of the Lira, Riad Salameh the genius made a statement as he was leaving Baabda after meeting with Aoun: "The Lira is Safe and you have nothing to worry about"

Thumb thepatriot 13 July 2021, 21:39

I will tell you the exact situation about the gold.
About 20% of it is stored in Lebanon.
The remaining 80% is in Fort Knox, and the US has already refused to give it back.
It is administered by the USA, and they won't allow it to disappear or be used for dark purposes.
It is a good and a bad thing at the same time.

Default-user-icon Wiseman (Guest) 14 July 2021, 10:12

The gold stored in the USA could be claimed by the holders of the Euro bondholders that the government defaulted on their bonds. This gold is encumbered to these investors.