NO. 21


Financial and Banking News

Regional Banking

Banque du Liban Withdraws Support from Lebanese Pound

Banque du Liban, the Lebanese central bank, withdrew from domestic currencymarkets on 19 February and said it would allow the Lebanese pound to float downto a new market rate. The withdrawal of central bank support followed heavyselling of the pound following the Israeli assassination of Hizbollah leader 'AbbasMusawi and the subsequent Israeli incursion into southern...