Middle East Economic Survey
VOL. XLVIII
No 16
18-April-2005
LEBANON
Lebanon Issues Dollar-Denominated CDs To Boost Reserves
The Central Bank of Lebanon (CBL) on 12 April announced the issue of new high-yielding dollar-denominated certificates of deposits (CD) to boost its foreign currency reserves. According to CBL Governor Riad Salamah, this is the first time that the CBL has issued CDs in dollars which will initially be offered to local and international banks and institutions. The closing date...
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!