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Asharq Al-Awsat

World

Beirut - Asharq Al-Awsat

US Treasury: ‘Qard al Hasan’ Threatens Credibility of Lebanese Financial System

United States US Treasury Lebanon Hezbollah

Lebanese President Michel Aoun during his meeting with the US Treasury delegation (Dalati and Nahra)

The US Department of the Treasury warned that the Lebanon-based “Qard al Hassan” is an unregulated and pseudo-financial institution that provides cover to Hezbollah’s activities, jeopardizing the credibility of the Lebanese financial system.

A senior delegation from the Treasury concluded a three-day visit to Lebanon on Wednesday.

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