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The US dollar exchange rate settled in banks at a rate from LBP1.508 to LBP1.512, with the average price of LBP1.510. This means that the demand for the lira is maintaining the prices in the Lebanese market in the week ending October 16, 2015 at the same level they were at last week, reports UAE-based Aliqtisadi. Comment?
The Central Bank of Lebanon's total deposits rose by as much as LBP48 billion, the equivalent of $31.89 million the week ending October 16, 2015. Money Supply M3 decreased to LBP 35bn, the equivalent of $23.40 million during the week ending October 1, 2015 to reach LBP183.933bn, equivalent to $122.01bn, as it advanced by 5.12 per cent, compared with the same period last year, and increased by 3.68 per cent since the beginning of the year. Comment?
Total deposits, with the exception of demand deposits, recorded an increase of roughly LBP 137 billion during the week ending last September 24, due to a $2m increase in foreign currency deposits, in addition to the increase in deposits in Lebanese pounds by LBP135bn. Thus, the money supply increased by about LBP551bn during the same week to reach LBP183.968bn , an increase of 5.22 per cent, compared with the same period in 2014 and an increase of 3.70 per cent since the beginning of this year. 1 comment
Total deposits, with the exception of demand deposits, recorded an increase of roughly LBP 687 billion during the last two weeks, due to a $283m increase in foreign currency deposits, while the increase in Lebanese pounds deposits reached LBP261bn, Bank of Lebanon reveals. The money supply increased to LBP452bn during the two weeks ending September 17 to reach LBP183.417bn , Aliqtisadi reports. Comment?
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