No. 19



UAE Deposits $100Mn With Central Bank of Lebanon

The Government of the UAE has agreed to deposit $100mn with the Central Bank of Lebanonfor a period of three years at the flat London Interbank Offer Rate (Libor). The agreementwas announced on 4 May in Abu Dhabi during a visit to the UAE by the Governor of theCentral Bank of Lebanon, Mr. Riad Salamah, and the deposit was due to be transferred tothe Central Bank on 7 May. The UAE decision follows the lead given by...