Lebanon's Central Bank gains approval to publish summary of gold reserves
8/24/2023 5:07:00 PM
Lebanon’s Central Bank announced in a statement that it has obtained approval on August 24, 2023, to publish a summary of the audit report on its gold reserves.
The approval comes in the wake of communications between Lebanon’s Central Bank Governor and ALS Inspection UK Ltd auditing company, which KPMG has commissioned in collaboration with the International Monetary Fund and the Central Bank of Lebanon.
Consequently, the Central Bank published the mentioned summary and its translation in the Arabic language, confirming that the gold reserves held in the Central Bank's vaults are consistent with the quantities documented in financial statements.
The approval comes in the wake of communications between Lebanon’s Central Bank Governor and ALS Inspection UK Ltd auditing company, which KPMG has commissioned in collaboration with the International Monetary Fund and the Central Bank of Lebanon.
Consequently, the Central Bank published the mentioned summary and its translation in the Arabic language, confirming that the gold reserves held in the Central Bank's vaults are consistent with the quantities documented in financial statements.