VOL. XXXV

NO. 29

20-APRIL-1992

Financial and Banking News

Financial Issues

Lebanese Pound Falls to New Lows

The Lebanese pound resumed its slide in mid-April, despite an agreementearlier in the month between the Central Bank and commercial banks which wassupposed to halt its decline by increasing the supply of dollars. The poundfirmed at $1=LL1,355 on 9 April, the day after the agreement, but collapsedagain at the start of the following week to reach nearly $1=LL1,500. On 15 Aprilthere was a...