VOL. XLI

No. 37

14-September-1998

LEBANON

Lebanon's Central Bank To Pursue Policy Of Stable Currency

The Governor of the Central Bank of Lebanon, Mr. Riad Salamah, has restated that theLebanese currency is stable and that the Central Bank is fully able to pursue a policythat allows for the gradual appreciation of the currency as witnessed in the market in thepast five years. In an interview with the London daily Asharq al-Awsat of 6September, Mr. Salamah explained that this policy is viable due...