Financial and Banking News
REGIONAL BANKING
Lebanese Reserves Virtually Exhausted
The foreign currency reserves of the Banque du Liban, which in the current circumstances are virtually the only source of funds for the Beirut government, are reported to have dwindled to a mere $260mn, according to press reports last week. The Financial Times quoted western diplomatic sources for this figure, and suggested that Saudi aid to the Lebanese regime is being made conditional upon the repeal...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!