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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanese Prosecutor Overturns Decision Barring Banks from Shipping Money

A woman uses a Blom Bank ATM machine in Beirut, Lebanon March 18, 2022. Picture taken March 18, 2022. (Reuters)

Lebanon's top prosecutor on Monday overturned a judicial decision that last week instructed customs authorities to prevent six banks from moving money out of the country, a senior judicial source told Reuters.

Last week's decision by Judge Ghada Aoun prompted the banking association to warn that the banks - including some of Lebanon's biggest - would be cut off from their correspondents abroad, saying this would prevent trade.

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