Lebanese pound finds support in newfound political unity

As new government forms, investors are more willing to sell dollars and buy Lebanon’s currency

salameh
Riad Salamé

The formation of a government of national unity in Lebanon on February 1, after months of negotiations, is already supporting the pound, central bank governor Riad Salamé said on February 5.

The country held general elections in May 2018, the first since 2009. The civil war in neighbouring Syria, and internal disagreements between the Sunni, Shia and Christian communities led to the elections, originally scheduled for 2013, being postponed repeatedly. The same long-term disagreements have also

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: