Lebanese Pound
Lebanon crisis threatening to derail economic progress
The political crisis in Lebanon is threatening to derail economic progress after a year that saw 7 per cent economic growth, a record number of tourists and bank deposits among the highest in the Middle East. (more…)
Lebanon Finance Minister: The Lebanese Pound is in a good shape
In an interview with Voice of Lebanon radio station , Finance Minister Raya al-Hassan on Saturday stressed that “the status of the Lebanese Pound is very good,” and that “there is a golden period ahead which should be seized.”
“We should also preserve growth which helps us to create employment opportunities and prosperity in Lebanon,” added Lebanon’s new finance minister.
Al-Hassan said “Lebanon’s national debt has reached $49.8 billion.”
“The rate of risks is decreasing, and so is the interest rate on Lebanese Pound,” added al-Hassan.
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