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Lebanon suspends freeze order on 20 banks | The Malaysian Insight

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Lebanon suspends freeze order on 20 banks

Lebanon is one of the world’s most indebted countries, with a public debt equivalent to 150% of GDP. – EPA pic, March 6, 2020.

LEBANON’S attorney-general has suspended an order freezing the assets of 20 banks and their directors over concerns about its impact on the country’s fragile economy, reported state-run media. The order is postponed to allow for the “study of its impact on the national currency, banking transactions, as well as the money of savers and economic security”, said Ghassan Oueidat yesterday, according to a statement carried by National News Agency.

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Source: Financial Digest (financialdigest.net)

 

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