Lebanon Not Affected by Dubai Financial Crisis
Lebanon”s Central Bank Governor Riad Salameh on Tuesday reassured that "Lebanon is away from what is happening in Dubai."
"Lebanon won”t get affected with the ongoing financial crisis (in Dubai) because it has a major overabundance in the balance of payments. The demand for the Lebanese Pound is on the rise and the Lebanese currency is stable," added Salameh.
Salameh told LBC TV network that "the price of the large reserves of gold existing in the Central Bank is increasing."