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Tag: lebanese economic crisis

Lebanon’s ex-central bank chief slapped with US, UK, Canada sanctions
Business

Lebanon’s ex-central bank chief slapped with US, UK, Canada sanctions

August 10, 2023August 10, 2023

Lebanon’s embattled former central financial institution governor and a handful of shut family and associates had been on Thursday slapped with sanctions by the United

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‘Last chance’: Lebanon’s incoming interim central bank chief urges reform
Economy

‘Last chance’: Lebanon’s incoming interim central bank chief urges reform

July 31, 2023July 31, 2023

Lebanon’s incoming interim central financial institution governor, Wassim Mansouri, on Monday, urged the federal government to undertake long-delayed reforms to handle a deep monetary disaster

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Meltdown and scandals: Lebanon’s veteran central bank chief departs
Economy

Meltdown and scandals: Lebanon’s veteran central bank chief departs

July 30, 2023July 30, 2023

Lebanese central financial institution governor Riad Salameh, as soon as feted as a monetary wizard, leaves the put up he has held for 30 years

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Lebanese juggle dizzying rates for devalued pound amid economy crisis
Economy

Lebanese juggle dizzying rates for devalued pound amid economy crisis

March 19, 2023March 19, 2023

When Caroline Sadaka buys groceries within the Lebanese capital Beirut, she retains her cellphone in hand – to not verify her purchasing record however to

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Lebanon turns to dollars as currency, economy crumble
Economy

Lebanon turns to dollars as currency, economy crumble

March 6, 2023March 6, 2023

Moheidein Bazazo didn’t anticipate his Beirut mini-market to thrive when he opened the business in 1986, throughout a number of the fiercest combating in Lebanon’s

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Lebanon central bank governor charged with fraud, embezzlement
Business

Lebanon central bank governor charged with fraud, embezzlement

February 23, 2023February 23, 2023

Lebanon’s longtime Central Bank Governor Riad Salameh, his brother Raja and an affiliate have been charged with cash laundering, embezzlement and illicit enrichment on Thursday

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Tariff hikes, delayed reforms pressurize struggling Lebanese
Economy

Tariff hikes, delayed reforms pressurize struggling Lebanese

December 24, 2022December 24, 2022

Every time part of his previous grey Mercedes breaks, 62-year-old Beirut cab driver Abed Omayraat faces a tricky selection: Go into debt to import an

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