VOL. XL

No. 38

22-September-1997

LEBANON

Lebanese Central Bank To Continue With Policies Of Stable Exchange Rates

The Governor of the Central Bank of Lebanon, Mr. Riad Salamah, has said that the bankis determined to continue with its policies which have stabilized the value of theLebanese pound and ensured a slight appreciation. Speaking at the annual conference of theInter-Arab Cambist Association on 12 September, Mr. Salamah declared that the bank wouldcontinue to intervene on foreign...