VOL. XLI

No. 40

5-October-1998

LEBANON

Limited Effect Of Asian Financial Crisis On Lebanon

The Asian financial crisis has had a limited effect on Lebanon,according to the Governor of the Central Bank of Lebanon, Mr. Riad Salamah. Speaking at afinancial conference in Beirut on 25 September, Mr. Salamah said that the bank had managedto mitigate the effects of the crisis by taking several precautionary measures when thefirst signs of the crisis appeared in early 1997. These measures included the...