Tag Archives: Riad Salameh

Central Bank imposed capital control on transfers overseas, reduced cash withdrawals and vehemently disregarded a “haircut” on deposits that would reduce many Lebanese citizens’ savings. TROUBLING FACTS: The Change Rate of about 3,000 …

Salameh has repeatedly overstated the strength and stability of the monetary system in Lebanon despite the compelling evidence of a dire economic situation and financial instability that overwhelmed the low-and-high-income workers across Lebanon.