VOL. XXXII
NO. 3
24-OCTOBER-1988
Financial and Banking News
BUDGETS AND REVENUES
Lebanese Pound Decline Accelerates
As a result of the political and constitutional crisis which has paralyzedwhatever semblance of central government authority survives in Lebanon, thelocal currency has accelerated its decline in value. Last week the Lebanese Lira(LL) traded at LL510=$1 despite attempts by the Banque du Liban to stabilize themarkets by selling US dollars after the parliament failed to elect a new...
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