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The average rates on the Lebanese pound returned to their normal levels Monday after reports that some commercial banks have offered up to 13 percent on pound deposits, bankers said Monday.The average interest rate on the pound is now between 6 and 7 percent compared to 4 or 4.5 percent to dollar deposits.Last week, the interbank rates reached up to 120 percent due to the shortage in Lebanese pound.Another banker added that the Credit Default Swap spread dropped to 525 basis points from 580 .
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