VOL. XXXV
NO. 22
2-MARCH-1992
Financial and Banking News
Financial Policy
Lebanese Pound Firms after Falling for a Week
The Lebanese pound firmed against the dollar on 28 February after losing 28%of its value in the week following the assassination of Hizbollah leader 'AbbasMusawi. It closed the day at $1=LL1,070. When the Banque du Liban (Central Bank)announced on 19 February that it was suspending support for the currency theexchange rate dropped from $1=LL879, the rate at which it had been...
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