VOL. XLIII

No. 18

1-May-2000

LEBANON

Regional Uncertainty Puts Lebanese Pound Under Selling Pressure

Lebanons financial markets are reporting continued pressure on the pound amid ongoing fears of regional political instability. According to a market report by the Middle East Capital Group (MECG) on 24 April, Lebanons foreign exchange market reported a higher demand for foreign currency during the last two weeks due to concerns arising from the possible Israeli pullout from southern Lebanon in...