Lebanese Government injects dollars to the market

Published October 11th, 2000 - 02:00 GMT

 

 

Lebanese foreign exchange market — The local foreign exchange market saw the same scene that has been played-out in recent weeks, re-enacted once more — the Central Bank supplying $50-$60 million to the market to satisfy dollar demand. 

 

The LP/dollar rate on the interbank market was unchanged at LP 1,513.75 — 14.25. As with other Lebanese financial markets, players are waiting for the formation of a new government and the economic policies it would follow before deciding their strategy on the local currency. – (Banque du Liban et d’Outre-Mer

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