Lebanon Central Bank – DIGIT INFO

Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown

DIGIT — Mon, 04 May 2020 17:30:23 +0000

Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation deteriorating “terrifyingly.” Lebanon’s Currency Crisis Protests erupted in Lebanon on Friday […]

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Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls

DIGIT — Thu, 27 Feb 2020 08:22:18 +0000

Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government falters, some traders are calling for […]

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Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

DIGIT — Wed, 08 Jan 2020 04:30:42 +0000

Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients. Regional reports disclose Lebanese bank customers often wait for hours in […]

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