Qatar comes to defence of Lebanese pound with $60m

LEBANON - Qatar joined a Gulf Arab consortium in defending the Lebanese pound by pledging to deposit $60 million with Banque du Liban, local newspapers said on Apr 18.

The Qatari assistance brings Arab deposits with the central bank to a little over $1 billion, which form a significant part of gross foreign reserves.

On Apr 6, Oman also deposited $50 million with Lebanon's central bank and express its support for the government's economic measures.

Newspaper reports said Prime Minister Rafik al

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