Lebanon
Lebanese finance ministry and central bank clash over forensic audit
Central bank to release documents to independent auditors this month, finance ministry says
The Covid crisis, central banks and the future
Crisis responses have had positive initial outcomes, but also exacerbated significant underlying challenges that raise concerns related to exit strategies and the future for central banks
Lebanese governor accused of neglect of duty by judge
Governor may be questioned in Switzerland over alleged money laundering
Swiss authorities confirm investigation of Lebanon’s central bank
Attorney-general’s office confirms probe into alleged “money laundering and embezzlement” at CBL
Lebanese central bank chief denies ‘Ponzi scheme’
Salameh denies corruption and mismanagement charges, and says currency must float
2020: The year in review
The past 12 months have been marked by crisis-fighting and losses, but also innovation
Lebanese parliament demands central bank audit
Lawmakers say vote overrules banking secrecy laws and central bank must release documents
Forensic auditors walk out of Lebanese central bank
Finance minister says central blank blocked audit as president stresses investigation must continue
Lebanese central bank ‘has not handed over audit documents’
Media reports say embattled central bank has not provided basic data on transactions
Lebanon aid depends on reform – IMF
Georgieva sets banking bail-in and further audit of central bank as conditions for emergency aid
Lebanese central bank orders interest-free loans after explosion
Move comes despite banking sector lacking dollars and reports of massive capital shortfalls
Lebanese central bank faces audit as crisis deepens
Inflation is spiralling and IMF talks have yet to result in a bailout package
Lebanon’s powerful central bank chief and its slide into crisis
Governor Salameh created unsustainable banking sector, former minister alleges in an interview
Lebanese governor in emergency meeting as crisis grows
Currency reported to have lost 50% of value this week as exchanges ignore central bank orders
Lebanese central bank official arrested over currency allegations
Currency crisis deepens as prime minister and central bank trade accusations
Lebanese PM asks for IMF aid as dispute with central bank grows
Governor at centre of massive economic crisis appears to condemn PM’s words as “slander”
Lebanese central bank tries to stem currency crisis
Central bank unfreezes dollar accounts at sharply reduced rate as future of banking sector is unclear
Lebanon calls for IMF aid as debt default looms
Finance minister says country may default on eurobond as central bank caps deposit rates
Lebanese governor requests more powers to deal with crisis
Salameh says financial and monetary stability at risk without new measures to regulate banks
Lebanon central bank chief calls for urgent measures to end crisis
New restrictions on foreign currency announced as prime minister says he will dissolve government
Lebanese central bank tries to stem currency weakness
Governor says central bank will ensure dollars are available for wheat, fuel and medicine
Lebanese central bank strike ‘shut down local banks’
Staff consider further strike action over rumoured salary cuts as government faces fiscal crisis
Improved political environment lends support to Lebanese pound
As new government is formed, investors become more willing to sell dollars and buy pound
Lebanese central bank orders wire services not to use dollars
Economy under strain from political division, fiscal shortfall and refugee crisis