Lebanese lira bills at an exchange agent in Beirut. (Credit: João Sousa)
In early July, the committee tasked with the partial overhaul of the Money and Credit Code submitted its report to caretaker Prime Minister Najib Mikati. While the report contained “good proposals,” it also included “ambiguous” or “insufficient” recommendations, and even some deemed “erroneous or aligned with previous deviant practices still in progress,” according to a group of experts who conducted a thorough study on the matter. L’Orient-Le Jour obtained the analysis prior to its publication. Read also What Lebanon and its banks risk if gray-listed by the FATF The authors of this comprehensive analysis, which highlights the flaws in the report, include Nasser Saidi (former economy minister and former Banque du Liban (BDL) vice-governor), Maguerditch Bouldoukian (former BDL vice-governor), Abdullah Attieh (former member of the...
In early July, the committee tasked with the partial overhaul of the Money and Credit Code submitted its report to caretaker Prime Minister Najib Mikati. While the report contained “good proposals,” it also included “ambiguous” or “insufficient” recommendations, and even some deemed “erroneous or aligned with previous deviant practices still in progress,” according to a group of experts who conducted a thorough study on the matter. L’Orient-Le Jour obtained the analysis prior to its publication. Read also What Lebanon and its banks risk if gray-listed by the FATF The authors of this comprehensive analysis, which highlights the flaws in the report, include Nasser Saidi (former economy minister and former Banque du Liban (BDL) vice-governor), Maguerditch Bouldoukian (former BDL vice-governor), Abdullah Attieh (former...
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