Capital controls and the stabilization of the Lebanese economy

Formal Capital controls are lawful restrictions placed by government authorities on the flow of capital, i.e. on foreign currency transactions.
by A Citizen Initiative

5 February 2020 | 20:42

Source: by Annahar

  • by A Citizen Initiative
  • Source: Annahar
  • Last update: 5 February 2020 | 20:42

Man heads to the Lebanese central bank, in Beirut, Lebanon. (AP Photo)

Summary: In mid-October 2019, Lebanese banks shut down their branches, imposed informal capital controls and blocked depositors’ access to their deposits. These informal capital controls are...
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