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Lebanese pound |
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This had the unfortunate consequence of tying the interest of government to depreciating the value of the Lebanese pound and drove the Central Bank into pro-cyclical speculation. Since the cessation of the civil war in 1990, the bank has grown rapidly, and total assets reached Lebanese pound 2,862. As hostilities intensified on- and off-campus and the Lebanese pound sharply depreciated, many faculty members took leaves of absence and accepted short-term contracts abroad, which led to a shortage of professors particularly in the School of Engineering and the Biology department. |
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