The Lebanese Central Bank confirmed that it had lost four billion dollars of its foreign currency reserves in 2001 while it attempted to protect its national currency during a political crisis in the country that year, reported Al-Watan . The bank injected the four billion dollars into local markets in order to keep the Lebanese Lira’s exchange rate as stable as possible. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
