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Interbank rates fell to an average of 8-10 percent from 40 percent last week after Prime Minister Saad Hariri officially withdrew his resignation, bankers said Wednesday.The average interest rates on the Lebanese pound are around seven percent compared to 4.5 percent to the dollar. However, some banks offered their clients up to 11 percent on Lebanese pound deposits provided that the size of these deposits are minimum LL750 million ($500,000) with a maturity period of at least six months.Marwan Barakat, head of the economic research at Bank Audi, said the market is more relaxed after Hariri withdrew his resignation.He added that the overnight rates between banks fell to 14 percent from 40 percent a week ago and 120 percent two weeks ago.
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