Money is king when you look at the Lebanon given that banking companies atrophy

Money is king when you look at the Lebanon given that banking companies atrophy

The cash replace store into the Lebanon’s Bekaa Area is buzzing which have organization. Cell phones pinged constantly and you will personnel shouted aside individuals costs since the people flocked within the holding synthetic bags of your crashing local money so you’re able to purchase All of us dollars.

“Welcome to this new Wall structure Street regarding Lebanon,” grinned the brand new storefront’s holder, a server gun tilting for the a shelf about your but if from a burglary.

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Cash is now king from inside the Lebanon, in which a great three-seasons economic crisis has actually led the country’s after-lauded financial sector so you’re able to atrophy. (more…)

Continue ReadingMoney is king when you look at the Lebanon given that banking companies atrophy