Hankache Cautions that Banks' Practices Will Erode Lebanon's Economy
Kataeb MP Elias Hankache on Wednesday warned against economic ramifications on the country if banks continue with their practices, putting 70% of the workforce at risk.
Kataeb MP Elias Hankache on Wednesday warned against economic ramifications on the country if banks continue with their practices, putting 70% of the workforce at risk.
Lebanon’s political and banking crisis has put growing pressure on its 22-year-old currency peg to the U.S. dollar and foreign funds fear a devaluation now could be disastrous for a country with one of the world’s biggest foreign debt burdens.