Lebanese Central Bank Governor Riad Salameh discusses the exposure of the country’s banks to government debt as well as the latest efforts to insulate the lenders from a crisis in neighboring Syria. He spoke in an interview today at his office in Beirut. On economic growth: “The indicators are showing that the real growth could […]
Egypt Reserves Plunged 50% in 2011, Fueling Currency Concern
Egypt’s international reserves fell for a 12th month in December, sending bond yields to a record high and fueling investor concerns about a currency devaluation. Reserves declined to $18.1 billion from $20.2 billion in November, the bank in Cairo said today on its website.