MAR 28, 2024 JLM 73°F 06:09 PM 12:09 PM EST
The unbelievable amount that was "robbed" from the bank account holders in Lebanon

Bank account holders are certainly not always safe when it comes to Lebanon. 

Fadi Khalaf, Secretary General of the Banks Association in Lebanon, in an article he published this week claims that Lebanon holds a not very flattering "Guinness record" - the largest value of loss of funds in bank accounts. 

According to him, since the crisis in the country began towards the end of 2019, the owners of bank accounts in Lebanon Most of them ordinary citizens lost an amount of about 51 billion dollars cumulatively.

Khalf pointed out that this is a result of the central bank's use of account funds both to provide loans to the private sector and to the government for the ongoing purchase of state needs such as fuel.

Khalf claims that in practice the funds of the small account holders went into the pockets of the corrupt officials in the country.

Did you find this article interesting?
Comments
[Anonymous] 04:43 20.05.2023
The first to lose their salaries must be the govt. FBI, CIA, NSA, AII, White House Staff, FDA, CDC, IRS, WEF, whatever else there is. All this before social security snd veterans and low level militar
Thomas Kopper 21:50 19.05.2023
Emboldened corruption there could also happen here in the USA especially if we default on our spending deficit. We have to pay our service men/women somehow and all the toys they play with God help us
Syble Presswood 21:47 19.05.2023
Robbing the people who can least afford it. Despicable
Peter 21:33 19.05.2023
I could see Iran being the lead dirt bag here.
To leave a comment, please log in

DISCOVER MORE

"Iron Swords" - War in Gaza Hamas The Iran Threat Biden Administration Hezbollah The Leftist-Islamist Alliance Israeli Technology Palestine = Hamas = ISIS Israeli_Nature 10/7 Hamas Massacres Biblical Archaeology Jihadi Infiltration into the West Heroes of Israel The Bible Muslim Persecution of Jews