VOL. XLII

No. 12

22-March-1999

LEBANON

Central Bank Governor Reviews Lebanon痴 Monetary Policy

Lebanon痴 monetary policy, which has aimed in recent yearsto achieve stable exchange rates, has had a positive impact on economic growthand the ability to self-finance reconstruction in Lebanon, according to theGovernor of the Central Bank of Lebanon, Mr. Riad Salamah. In an interview withthe London Arabic language daily al-Hayat of 11 March, Mr. Salamahexplained that the policy primarily sought to reduce...