NO. 49


Financial and Banking News

Public Finance

Lebanese Central Bank Raises Repo Rate To 50%

The Central Bank of Lebanon on 30 August raised its repurchase agreement rateto 50% from 30% and reportedly sold some $27mn in the few preceding days tosatisfy renewed demand for the US currency. Speculation against the Lebanesepound has increased recently amid fresh political tension between the LebanesePrime Minister, Mr. Rafiq al-Hariri, and the Speaker of the Lebanese...