Write For Us

Now a wanted man, Lebanon’s central bank head steps down

Sponsored Post Vitamin D2 Canada Persia
23 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Riad Salameh’s term as governor of Lebanon’s central bank is coming to an end after 30 years amid charges at home and abroad of money laundering, fraud and embezzling public funds.
As the 73-year-old’s term ends on Monday, Lebanon’s financial losses stand in excess of $72bn, more than three times its gross domestic product (GDP) in 2021, according to the World Bank.
Salameh’s leadership of Banque du Liban (BDL) left the country with the dubious distinction of being one of the world’s worst economic crises in modern times.
A tarnished end to a governorship that started in 1993 at the request of then-Prime Minister Rafic Hariri.

Al Jazeera’s Zeina Khodr reports from Beirut.

Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: https://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
Download AJE Mobile App: https://aje.io/AJEMobile

#Lebanon #LebanonFinancialCrisis #LebanonCentralBank #RiadSalameh #LebanonCorruption
Category
World
Tags
Lebanon central bank governor, Lebanon curruption, Lebanon economic crisis
Sign in or sign up to post comments.
Be the first to comment