Riad Salameh was accused of embezzlement, theft of public funds, forgery, and illicit enrichment.
Central Bank of Lebanon
Latest in Central Bank of Lebanon
Central Bank of Lebanon
Inside Lebanon’s Ponzi scheme economy and the $100bn outflow crisis
A tangled web of financial misdeeds, shaky banks, and questionable central bank practices has plunged Lebanon’s economy into a crisis with no end in sight
Central Bank of Lebanon
Germany drops arrest warrant for embattled ex-Lebanon central bank chief Riad Salameh
The world’s longest-serving central bank chief has been accused of corruption, money laundering, and other crimes
Central Bank of Lebanon
Lebanon’s pound slumps to all time low of 100,000 to US dollar
Lebanese pound drops to a historic low as people in Lebanon suffer from economic crisis
Central Bank of Lebanon
Lebanese brace for higher fuel prices as government cuts subsidy
Fuel crisis has exacerbated power blackouts and resulted in miles-long lines at gasoline stations during Lebanon’s worst financial meltdown in memory
Central Bank of Lebanon
Lebanon grants limited access to bank deposits amid crisis
Move comes nearly 20 months after banks denied them access as a result of the crippling financial crisis
Central Bank of Lebanon
Lebanon halts dollar withdrawals at more favourable rate
The bank said the decision implemented a request by the Shura Council, Lebanon’s top administrative court
Bank Audi
Lebanese banks seek deadline extension to ultimatum to increase capital by 20%
Central bank governor says if Lebanese banks fail to increase their capital by 20% by the end of February, they must exit the market
Central Bank of Lebanon
How the lockdown is hurting Lebanon’s most vulnerable families
Food Blessed non-profit organisation is working to redistribute food leftovers from restaurants and shops to those in need
Central Bank of Lebanon
Why the World Bank wants Lebanon to scrap its subsidy system
Call comes as policymakers in Lebanon consider a shift away from foreign exchange subsidy for imports of critical and essential goods
Central Bank of Lebanon
Foreign direct investment into Lebanon falls to lowest mark since 2002
United Nations Conference on Trade and Development report says FDI inflows fell 20% to $2.1bn in 2019
banking
Video: Lebanon protesters hit banks in ‘week of wrath’
Banks in Beirut were targeted by demonstrators during what they have called a ‘week of wrath’, in protest against the country’s banking crisis.
Central Bank of Lebanon
Lebanese peg that’s held up for over two decades is under siege
As confidence has plummeted, even ordinary people have begun to transfer their dollar savings abroad or hide notes under their mattresses
Central Bank of Lebanon
Lebanon backs key importers amid fears of dollar shortage
Petrol station owners threatened to strike over a lack of dollars at a fixed exchange rate to pay for imports, while flour producers complained over much higher rates from money changers
Central Bank of Lebanon
US-sanctioned Lebanese bank self-liquidates
Jammal Trust Bank has been hit by US sanctions over ties with Lebanese Shiite movement Hezbollah
budget deficit
Lebanon on debt tightrope as S&P sets clock ticking to downgrade
S&P said that a continued decline in bank deposits – a key source of the government’s funding – could trigger a downgrade
Central Bank of Lebanon
Lebanon on debt tightrope despite avoiding further ratings downgrade
Lebanon buys itself some time with the market and won a reprieve from a downgrade deeper into junk by S&P Global Ratings