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Leaked BCCL document reveals billions of dollars moved out of Lebanon

A newly leaked official document revealed substantial foreign transfers made during the initial months of illegal restrictions on foreign currency deposits imposed by Lebanese banks, more than four years since Lebanon’s financial crisis began.

Leaked BCCL document reveals billions of dollars moved out of Lebanon

A meeting between representatives of the government and the Banking Association in 2020. (Credit: National News Agency/Archive photo)

In a dated Jan. 20, 2020, obtained by L’Orient-Le Jour, the Banking Control Commission of Lebanon (BCCL) informed then-senior most public prosecutor Ghassan Oueidat that at least $2.27 billion had been transferred to Switzerland between Oct. 17,...
In a dated Jan. 20, 2020, obtained by L’Orient-Le Jour, the Banking Control Commission of Lebanon (BCCL) informed then-senior most public prosecutor Ghassan Oueidat that at least $2.27 billion had been transferred to Switzerland between Oct. 17,...