Central Bank Governor Riad Salameh speaks during an interview with The Daily Star in Beirut, Friday, March 16, 2018. (The Daily Star/Mohammad Azakir)
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Central Bank (BDL) governor Riad Salameh Wednesday downplayed the importance of the slight drop in the prices of Lebanese Eurobonds, stressing that this fall is temporary and limited and will not affect the country's credit.According to a banking source, the prices of short term Eurobonds fell by 1.5 percent while the longer term bonds dropped by three percent.The drop in prices in Lebanon was a little bit higher than other countries in the region," the source told The Daily Star.He added that the prices of Eurobonds depend on the maturity and coupon rates of these bonds.Half of the $28 billion Eurobonds are held by Lebanese commercial banks, while $5 billion are with the Central Bank and the remaining $9 billion are held by foreign investors.
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