1 Day
Source:
التيار الوطني الحر
Costly to stabilize lira rate
The figures indicate that Bank of Lebanon is facing a greater challenge in stabilizing the exchange rate, as the local currency money supply decreased from 68.85 trillion pounds in February to 59.46 trillion pounds at the end of May. Meanwhile, foreign reserves declined from $12.07 billion to $11.45 billion during the same period, increasing pressure on the exchange rate and making the bank's task of maintaining monetary stability more difficult.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)