No Sign of New Cabinet as Lebanese Leaders Meet, Bank Curbs Continue
|11/08/2019||Posted by BusinessMediaguide.Com under General World News||
Lebanon’s outgoing Prime Minister Saad al-Hariri met President Michel Aoun on Thursday without announcing progress towards forming a new government, and banking sources said most financial transfers out of the country remained blocked.
Already facing the worst economic crisis since the 1975-90 civil war, Lebanon has been pitched deeper into turmoil since Oct. 17 by a wave of protests against the ruling elite that led Hariri to resign as prime minister on Oct. 29.
Banks reopened on Friday after a two-week closure but customers have encountered restrictions on transfers abroad and withdrawals of hard currency.
A banking source said that generally all international read more >>>