Oman $50 million boost for Lebanese cbank reserves

LEBANON - Oman deposited $50 million with Lebanon's central bank on Apr 6 to boost foreign currency reserves and to express its support for the government's economic measures, reported the Daily Star newspaper on Apr 10, 2001.

The five-year deposit carries an interest rate of 4 percent. Qatar promised Premier Rafik Hariri that it will deposit $100 million soon. Saudi Arabia, Kuwait and the United Arab Emirates have collectively deposited about $1 billion with Lebanese central bank since 1998.

The

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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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