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The disagreement has led to chaos and confusion for airports, businesses, and people across Lebanon. 

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

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 corruption. Paris anticorruption judges opened an investigation this month into criminal allegations that...

Lebanon’s financial meltdown jeopardises stability Published:  June 03, 2021 18:52 Reuters Lebanon's 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 decision to stop withdrawals that triggered street protests. Angry Lebanese took to the streets late on ...

Central bank chief on Thursday sought to reassure depositors that their money was safe and would be returned.