No. 02



Salamah Reviews Major Issues In Lebanons Banking Sector

The stability in the exchange rate for the Lebanese Pound (LL) has led to a decline in the level of interest rates by 2% during 1999 despite an increase in public debt, according to the Governor of the Central Bank of Lebanon, Riad Salamah. In an extensive interview published in the Beirut daily, al-Nahar of 29 December, Mr Salamah said that he expects further declines in interest rates in...