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Asharq Al-Awsat
Asharq Al-Awsat
Business
Beirut - Ali Zeineddine

Lebanon's Banks Threaten to Sue the State

A view of Lebanon's Central Bank building in Beirut, Lebanon April 23, 2020. REUTERS/Mohamed Azakir/File Photo

A senior Lebanese official in the financial sector warned that the country was in a severe monetary crisis as a result of explicit duplicity in the state to dealing with the governance of the central bank and the banking system.

The danger looms at a time when the talks with the International Monetary Fund are reaching a critical point.

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