Economics
Lebanon Looks Beyond Qatar's $500 Million, Sees `Large Deposits'
- Deputy premier says Lebanon could get deposits ‘fairly soon’
- One of world’s most indebted countries has sought outside aid
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Lebanon anticipates allies will help it maintain the pound’s stability by depositing money with its central bank, Deputy Prime Minister Ghassan Hasbani said on Sunday.
Beyond a pledge by Qatar to buy government bonds worth $500 million, Lebanon is looking “to have the confidence of Arab countries and other countries to place large deposits in the central bank of Lebanon, which is something that could happen fairly soon,” Hasbani told Bloomberg Television at the World Government Summit in Dubai.