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...