Wednesday, 21 May 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > World > Lebanese judge bans directors of 5 largest banks from travel
World

Lebanese judge bans directors of 5 largest banks from travel

Enspirers | Editorial Board
Share
Lebanese judge bans directors of 5 largest banks from travel
SHARE

BEIRUT (AP) — A Lebanese judge on Thursday imposed travel bans on the heads of the country’s five largest banks over suspicions related to a possible transfer of billions of dollars abroad during the nation’s economic meltdown.

The state-run National News Agency did not elaborate on the decision by Ghada Aoun, an investigating judge for the Mount Lebanon district. Local TV stations said the move was precautionary as auditors look into transfers by the banks worth $5 billion.

Lebanese banks have imposed informal capital controls since the economic crisis began in October 2019 after decades of corruption and mismanagement by the country’s political class.

Since then, people have had no full access to their savings and those who withdraw cash from their U.S. dollar accounts get an exchange rate that is much less than that of the black market.

In January, Aoun imposed a travel ban on Lebanon’s central bank governor after a corruption lawsuit accused him of embezzlement and dereliction of duty during the crisis.

Also on Thursday, authorities raised the price of bread, the country’s main staple, by 30% following a recent move by the central bank to end subsidies for sugar and yeast.

There are mounting concerns that Russia’s invasion of Ukraine will affect wheat imports in Lebanon, heavily reliant on Ukrainian and Russian wheat.

Share This Article
Twitter Email Copy Link Print
Previous Article Oscars Rescind Quarantine Requirement For Attendees Arriving From Outside L.A. Oscars Rescind Quarantine Requirement For Attendees Arriving From Outside L.A.
Next Article Exes Christina Haack and Tarek El Moussa announce end of ‘Flip or Flop’: ‘It’s been a wild ride to say the least’ Exes Christina Haack and Tarek El Moussa announce end of ‘Flip or Flop’: ‘It’s been a wild ride to say the least’

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

‘Ought to I keep or ought to I am going?’ 5 questions for brokers

That is the time of 12 months to seek out out what you want from…

By Enspirers | Editorial Board

Paramedics Had been En Path to Artem Chigvintsev’s Residence However Name Was Canceled

3:01 PM PT -- In response to county data, Artem Chigvintsev was launched at 2:18…

By Enspirers | Editorial Board

Brad Pitt Makes Purple Carpet Debut with Ines de Ramon at Venice Movie Pageant

Brad Pitt's taking a giant step together with his girlfriend Ines de Ramon in Italy…

By Enspirers | Editorial Board

Ex-Afghan president: Biden order on frozen funds an atrocity

KABUL, Afghanistan (AP) — Afghanistan's former president on Sunday called a White House order to…

By Enspirers | Editorial Board

You Might Also Like

Israeli troops hearth ‘warning shots’ at 25 diplomats visiting occupied West Financial institution
World

Israeli troops hearth ‘warning shots’ at 25 diplomats visiting occupied West Financial institution

By Enspirers | Editorial Board
‘Clock is probably ticking for Littleproud’: NSW Nationals MPs criticise ‘distasteful’ transfer by federal counterparts
World

‘Clock is probably ticking for Littleproud’: NSW Nationals MPs criticise ‘distasteful’ transfer by federal counterparts

By Enspirers | Editorial Board
Victoria, UK’s oldest polar bear, put down after well being issues
World

Victoria, UK’s oldest polar bear, put down after well being issues

By Enspirers | Editorial Board
China ‘seriously concerned’ over Trump’s Golden Dome protection system – dwell
World

China ‘seriously concerned’ over Trump’s Golden Dome protection system – dwell

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?