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....
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