Lebanon c bank remains main supplier of dollars

LEBANON - Demand for U.S. dollars was limited in the Lebanese market this week, with the central bank the main supplier of the hard currency, dealers said.

"There is limited demand and very few suppliers other than the central bank," one dealer said.

They said the local unit was unchanged at the upper end of the central bank intervention band of 1,501-1,514 Lebanese pounds to the dollar.

Lebanon's central bank has been intervening for months to defend the pound, which has been undermined by worries

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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