Lebanon's singularity continues to lie in its resilience and
its unique ability to prevail under exceptionally arduous
social, political and economic pressures.
At the monetary level, Banque du Liban (BDL) has been able
to maintain its commitment to exchange rate stability and as a
result has reinforced confidence in the financial system as a
whole. Its solid stock of assets in foreign currencies ensures
that BDL remains well-equipped to confront any crisis. As for
interest rates, these witnessed an increase in 2018,...