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Lebanese Association of Banks

Lebanese Association of Banks latest

A man walks past a graffiti drawn on the wall of a building at the al-Nour Square in the northern port city of Tripoli  (AFP)
November 10th, 2019 - 07:22 GMT

Economic Chaos Starts to Seep Into the Lebanese Life Cycle

Lebanese worries rose on Saturday as economic chaos began to seep into the country’s life cycle. The dollar crisis is resurfacing. Lebanese banks closed on Saturday and will be closed next Monday for the Prophet’s birthday. Over the past two days, the banks witnessed pressure from depositors to withdraw funds for commercial purposes both in dollars or Lebanese pounds, but the banks were reluctant to pay them on the pretext ...
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