capital controls
Lebanon to stop paying back all debt in foreign currencies
Middle East
March 24, 2020
Lebanon to stop paying back all debt in foreign currencies
BEIRUT (AP) — Lebanon will stop paying all maturing Eurobonds in foreign currencies amid a crippling economic and financial crisis…
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
Middle East
March 12, 2020
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
BEIRUT (Reuters) — After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales…
IMF experts meet Lebanese PM at start of visit
Middle East
February 20, 2020
IMF experts meet Lebanese PM at start of visit
BEIRUT (Reuters) – A team of IMF experts met Prime Minister Hassan Diab on Thursday at the start of a…
Lebanon finances point to debt restructuring: Fitch Ratings
Middle East
February 19, 2020
Lebanon finances point to debt restructuring: Fitch Ratings
BEIRUT (AP) — Lebanon’s financial situation points to a likely restructuring of the country’s massive debt and financial sector to…
Lebanon weighs defaulting or paying Eurobond next month
Middle East
February 13, 2020
Lebanon weighs defaulting or paying Eurobond next month
BEIRUT (AP) — Lebanon’s finance minister said Thursday the country’s new government is weighing whether to pay or default on…
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
Middle East
February 11, 2020
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
LONDON (Reuters) – The worst is yet to come for Lebanon’s banks. The old-style way of running the economy –…
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
Middle East
February 3, 2020
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
BEIRUT (Reuters) – Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad…
Rolexes and cars; Lebanese spend big to prise savings from the bank
Middle East
January 27, 2020
Rolexes and cars; Lebanese spend big to prise savings from the bank
BEIRUT (Reuters) – When she heard Lebanese banks would limit cash withdrawals, Rita, a doctor, rushed out to buy a…
Facing humiliating controls, Lebanese focus fury on banks
Middle East
January 23, 2020
Facing humiliating controls, Lebanese focus fury on banks
BEIRUT (AP) — Before picking up cash from a downtown bank in Lebanon’s capital, Mey Al Sayegh mentally braces herself…
Frustrated Lebanese depositors turn rage on crisis-hit banks
Middle East
January 17, 2020
Frustrated Lebanese depositors turn rage on crisis-hit banks
BEIRUT (Reuters) — As cash runs short at Lebanon’s banks, so has the patience of depositors. Hit by restrictions on…