VOL. XXXIV

NO. 51

23-SEPTEMBER-1991

Financial and Banking News

Economic Perspectives

Lebanese Central Bank Starts to Reconstruct Local Financial Markets

Political calm, a stable exchange rate and high interest rates have led to ahuge repatriation of funds to Lebanon. During June and July $700mn was returnedto the banking system, a large proportion of it in Lebanese pounds. About $550mnhas gone into Banque du Liban (Central Bank) Treasury bills, with the remainderbeing placed with commercial banks....