Riad Salameh’s time period as governor of Lebanon’s central financial institution is coming to an finish after 30 years amid expenses at residence and overseas of cash laundering, fraud and embezzling public funds.
Because the 73-year-old’s time period ends on Monday, Lebanon’s monetary losses stand in extra of $72bn, greater than thrice its gross home product (GDP) in 2021, in response to the World Financial institution.
Salameh’s management of Banque du Liban (BDL) left the nation with the doubtful distinction of being one of many world’s worst financial crises in trendy occasions.
A tarnished finish to a governorship that began in 1993 on the request of then-Prime Minister Rafic Hariri.
Al Jazeera’s Zeina Khodr stories from Beirut.
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