Banks, act now or bear the consequences

Capital controls can and should be legislated as early as in the 2020 Budget Law, or in a separate legislation
by Mohammad Ibrahim Fheili

27 January 2020 | 10:59

Source: by Annahar

In this Wednesday, Jan. 15, 2020 file photo, a man uses his phone to take a picture of ATM screen of Fransa Bank that was painted and damaged by anti-government protesters in Beirut, Lebanon. (AP Photo)

One of the most heavily indebted countries in the world, Lebanon with its dire finances and political crisis means, is running out of options to avoid a default! It hasn’t been always like this, and...
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