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News Analysis: Lebanon to see dire repercussions as correspondent banks cut ties: experts - World News

2021-04-23 12:06:45 GMT2021-04-23 20:06:45(Beijing Time) Xinhua English by Dana Halawi BEIRUT, April 23 (Xinhua) The decision by some correspondent banks to cut financial relations with the Central Bank of Lebanon will have dire repercussions for the country, Lebanese financial experts said. The experts warnings come following a statement, released earlier this month by Lebanon s Central Bank Governor Riad Salameh, saying that international correspondent banks started to curtail their business relationships with the central bank, or Banque Du Liban (BDL), due to such facts as Lebanon s default on Eurobonds and political campaigns against the BDL. The central bank governor added that such a move will place Lebanon in a difficult situation regarding foreign transfers and the purchase of basic commodities, as well as obtaining foreign currencies to operate various economic facilities.

Ghassan ayacheMohammad faourDana halawiInternational monetary fundLebanon central bank governor riad salamehCentral bankUniversity college dublinLebanese economic associationCentral bank governor riad salamehBanque du libanMounir rachedInternational monetaryகாசன் அரசேசர்வதேச பண நிதிலெபனான் மைய வங்கி கவர்னர் ரியாத் சலேமேமைய வங்கி

Lebanese banks witness mass layoff

Lebanese banks witness mass layoff By IANS | Published on Sat, Mar 6 2021 10:12 IST | 0 Views BEIRUT, Jan. 15, 2020 (Xinhua) A bank s windows are smashed by protesters in Beirut, Lebanon, on Jan. 15, 2020. Around 47 Lebanese army members were injured in clashes with protesters on Tuesday evening near the Central Bank of Lebanon in Hamra in. Image Source: IANS News Beirut, March 6 : As the continuing economic crisis heightened by the Covid-19 pandemic was deepening, banks in Lebanon were witnessing mass layoffs. After an exodus of the US dollar and a sharp depreciation of the national currency, the Central Bank of Lebanon recently tightened regulations against the country s banks, which compelled some of them to close branches and lay off employees to stay afloat, reports Xinhua news agency.

Assad khouryGhassan ayacheVice governor of the central bankCentral bankFederation of syndicates banksBanks employeesVice governorஅசாத் கௌரிகாசன் அரசேதுணை கவர்னர் ஆஃப் தி மைய வங்கிமைய வங்கிவங்கிகள் ஊழியர்கள்துணை கவர்னர்

Lebanese banks witness mass layoffs

Beirut: As the continuing economic crisis heightened by the Covid-19 pandemic was deepening, banks in Lebanon were witnessing mass layoffs. After an exodus of the US dollar and a sharp depreciation of the national currency, the Central Bank of Lebanon recently tightened regulations against the country s banks, which compelled some of them to close branches and lay off employees to stay afloat, reports Xinhua news agency. It s been a crazy week as our bank decided to lay off around 400 out of 2,000 employees amid the current banking crisis, a human resource officer at a bank in the capital Beirut told Xinhua on Friday.

Assad khouryGhassan ayacheVice governor of the central bankCentral bankFederation of syndicates banksImage creditBanks employeesVice governorஅசாத் கௌரிகாசன் அரசேதுணை கவர்னர் ஆஃப் தி மைய வங்கிமைய வங்கிபடம் கடன்வங்கிகள் ஊழியர்கள்துணை கவர்னர்

Roundup: Lebanese banks witness mass layoff as financial crisis deepens - World News

Roundup: Lebanese banks witness mass layoff as financial crisis deepens - World News
sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.

Assad khouryGhassan ayacheCentral bankFederation of syndicates banksBanks employeesஅசாத் கௌரிகாசன் அரசேமைய வங்கிவங்கிகள் ஊழியர்கள்

Mass layoffs by Lebanese banks as financial crisis deepens – Ya Libnan

Mass layoffs by Lebanese banks as financial crisis deepens – Ya Libnan
yalibnan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yalibnan.com Daily Mail and Mail on Sunday newspapers.