Oman Deposits $50m with Lebanon’s Central Bank
Oman has deposited 50 million dollars with Lebanon’s central bank to boost Lebanon’s foreign currency reserves and express its support for the government’s economic measures, reported the Daily Star newspaper on Tuesday.
The five-year deposit carries an interest rate of 4 percent.
Qatar, added the paper, promised Prime Minister Rafiq Hariri that it will deposit $100 million soon.
Saudi Arabia, Kuwait and the United Arab Emirates have collectively deposited about $1 billion with the central bank since 1998.
According to the paper, Hariri is trying to persuade other Arab states to make similar moves – Albawaba.com