Cabym's Weblog

the Reference blog for financial investment in Lebanon

Bank of Lebanon Must Stop Issuing High Interest Rate CD’s.


It happened again. The Lebanese commercial banking sector in addition to many in the Cabinet were making the obligatory news media rounds on May 10, 2010 trumpeting the extraordinary increase in capital inflows into Lebanon. On the surface that sure is good news. But does it really reflect heightened confidence in the Lebanese economy or are the commercial banks telling only one side of a more complicated reality.

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