VOL. XXXIX
No. 8
20-November-1995
LEBANON
Lebanese Government Orders Denomination Of Prices In Local Currency
The Lebanese Minister of Economy, Mr. Yasin Jabir, has ordered all retail transactions to be denominated in Lebanese pounds instead of US dollars in a bid to return the heavily dollarized economy to normality. The switch to the Lebanese pound will help strengthen the local currency through increased day-to-day use. Retail transactions have been denominated in dollars since the...
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