Good evening dear friends,
All this movements travels circulars of BDL , meeting with correspondent bank and GAFI officers are fine under normal circumstances in a country at peace or relatively… Lebanon is at worst war and occupation by Israel and other foreign powers… we have to save the country, we must have a state which runs the economy, assists in the needs of the people, its citizens the country is being bombarded every single minute and houses and hospitals being destroyed and wiped out.
You tell me money laundering? What’s the currency which is being laundered? The USA Dollar
Well, Lebanon country is dollarised. But BDL cannot issue USDollars. Only the U S government or its monetary institutions creates dollars. Who imports USCurrency into Lebanon? What is given in exchange? Is this monetary policy of Lebanon or the USA?…. This story is longer. I shall stop here. Will follow next week.
M. BOULDOUKIAN PhD
Former Vice Governor BDL
1985-1990