Trading on Beirut's Riad Solh street -- the street of banks -- has become brisker as the price of gold has continued its recent climb.
GV Riad Solh Street
SV & CU Bank signs (2 shots)
CU Exchange signs (4 shots)
CU Gold on display in shop window (3 shots)
Initials ESP/1439 ESP/1447
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Background: Trading on Beirut's Riad Solh street -- the street of banks -- has become brisker as the price of gold has continued its recent climb.
There is no official gold market in the city, despite Beirut's unofficial status as the financial centre of the Middle East. Dealings in gold are normally effected through brokers, by telephone and by means of coded telex messages.
However, in the Gold Souk (or bazaar), a popular visiting place for tourists and small investors, dealers in the many shops selling gold are very happy with the climbing prices, which is reflected in their own mark-up.