NO. 22


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...