Financial and Banking News
BUDGETS AND REVENUES
Lebanon's Foreign Currency Reserves Put at $1bn
The Governor of the Banque du Liban, Mr. Edmond Na'im, has disclosed thatLebanon's foreign exchange reserves were estimated in excess of $1bn inaddition to $4bn worth of gold. In an interview with al-Qabas of 12 August, Mr.Na'im estimated the internal debt of the Lebanese Treasury at some LL600bn, mostof which are in T-bills, and said that the bank would be willing to...