Lebanon’s total money supply drops in October
Lebanon’s Central Bank (BDL) has indicated that local currency deposits increased on a weekly by 42 billion Lebanese pounds ($28 million) while foreign currency deposits decreased by $49 million during the same period, reported Blominvest.
Public treasury subscriptions continued on their downward trend, dropping by LP 21 billion, while money supply regressed by 0.2 percent week-on-week to LP 62 billion, the bank reported on October 16, 2003.
BDL is a legal public entity enjoying financial and administrative autonomy. It is not subject to the administrative and management rules and controls applicable to the public sector. Its capital is totally appropriated by the state. — (menareport.com)
© 2003 Mena Report (www.menareport.com)