VOL. XXX
NO. 7
24-NOVEMBER-1986
FINANCIAL AND BANKING NEWS
BUDGETS AND REVENUES
Lebanese Currency Collapses again
A sudden loss of confidence in the Lebanese Lira last week pushed down itsvalue from LL55=$1 to a low point of LL70=$1 before a recovery to LL61 tookplace at the end of the week. The value of the LL has declined by nearly 300%since the beginning of the year, resulting in inexorable inflationary pressuresince much of the country s basic requirements are imported. The collapse of theLL...
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