Lebanon central bank chief says $1bn sent abroad – Saudi Gazette

Lebanon central bank chief says $1bn sent abroad – Saudi Gazette

Lebanon's central bank Governor Riad Salameh, seen in this file photo, said Thursday that $1 billion had been transferred out of the country.. BEIRUT - The governor of Lebanon's central bank said Thursday that $1 billion had been transferred out of the country, despite tight restrictions on withdrawals as the protest-hit country faces a liquidity crisis.. Since Oct. 17, Lebanon has been rocked by an unprecedented protest movement against an entrenched political class seen as corrupt and incompetent.. The protests coincided with an increasingly crippling shortage of dollars, prompting banks to impose tight restrictions on withdrawals and transfers overseas..