Lebanon Wakes Up in Two Simultaneous Times Zones as Government Can't Agree on Daylight Savings Change
The disagreement has led to chaos and confusion for airports, businesses, and people across Lebanon.
Source: nbclosangeles.com
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Lebanese campaign protests Lollars as currency of corruption
On a freshly printed 100 Lollar note, a painting of the Beirut Port silos exploding is detailed, with “The Currency of Corruption” emblazoned in the corner
Source: alarabiya.net
As Lebanon collapses, the man with an iron grip on its finances faces questions
Not anymore. This country at the crossroads of the Middle East is suffering from a collapse of historic proportions: Its banks are largely insolvent, unemployment is soaring, its currency has crashed and many Lebanese blame Salameh for shortages that have left them struggling to afford food, scrambling to find medication and waiting in long lines to fuel up their cars. Now, Salameh is being accused of a perhaps more unforgivable sin: enriching himself and his inner circle through years of corru...
Source: gulfnews.com
Lebanon reverses dollar-deposit rule after protests
Lebanon’s financial meltdown jeopardises stability Published: June 03, 2021 18:52 Reuters Lebanons President Michel Aoun meets Central Bank Governor Riad Salameh at the presidential palace in Baabda on Thursday. Image Credit: REUTERS Beirut: The governor of Lebanon’s central bank reassured depositors on Thursday that it was not bankrupt and that people’s deposits were safe and would be returned soon, after reversing a decis...
Source: gulfnews.com
Lebanon's central bank U-turns after dollar withdrawal backlash
Central bank chief on Thursday sought to reassure depositors that their money was safe and would be returned.
Source: msn.com
Lebanon's central bank U-turns after dollar withdrawal backlash | Banks News
Central bank chief on Thursday sought to reassure depositors that their money was safe and would be returned.
Source: aljazeera.com
Lebanese lira freefall to accelerate amid political paralysis, experts say
Owners of small businesses say crisis will eventually force closures
Source: thenationalnews.com
Lebanon's Salameh summoned by prosecutor over breach of trust – Ya Libnan
Share: With country’s finances in shambles, prosecutors allege Riad Salameh failed to ensure foreign currency reserves were used for intended purposes. Demonstrators carry Lebanese flags and a poster depicting Lebanon’s central bank governor, Riad Salameh, in the southern city of Tyre [File: Aziz Taher/AP] Beirut, Lebanon – An investigative judge was set to question the governor of Lebanon’s central bank and others on Monday on charges of dereliction of duty and breach of trust. Riad S...
Source: yalibnan.com