VOL. XXX
NO. 19
16-FEBRUARY-1987
Financial and Banking News
REGIONAL BANKING
Lebanese Currency Crashes through Psychological Barrier
The Lebanese lira last week broke through the LL100=$1 barrier andimmediately accelerated its rate of decline, so that by the end of the week itwas trading at LL105/115, with the wide spread reflecting the extreme fragilityand nervousness of currency traders in Beirut. The LL100 "barrier" wascrossed with no fanfare and little sign of resistance from the Banque du...
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