Lebanon foreign currency reserves down

Lebanon's gross foreign currency reserves slipped to the equivalent of $12.53 billion at the end of February from $12.56 billion two weeks earlier, the central bank said on Sunday.
It said the reserves, which include deposits by commercial banks, stood at 18.89 trillion Lebanese pounds on February 29 compared with 18.93 trillion mid-month.
Lebanon does not disclose net foreign currency reserves, which bankers believe are much lower.