Lebanon’s financial turmoil: Hospitals suffer shortages as central bank tightens withdrawal rules

About This Source - FRANCE 24 English

The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.

Recent from FRANCE 24 English:

  • Euro 2021: Moore heads Wales to 1-1 draw with Switzerland
  • Euro 2021: England take on Croatia on Sunday
  • Belgium beat Russia in comfortable start to Euro 2021
  • FRANCE 24 English published this video item, entitled “Lebanon’s financial turmoil: Hospitals suffer shortages as central bank tightens withdrawal rules” – below is their description.

    Lebanon’s central bank has tightened controls on withdrawals from dollar accounts by suspending a special exchange rate that aimed to ease a foreign currency shortage. The move wiped more than half the value off dollar deposits in Lebanese banks. The country’s hospitals are also suffering from the dollar shortage, as the state cannot pay for imported medicines. A political deadlock has exacerbated the crisis, which the World Bank has described as among the worst the world has seen in 150 years.

    FRANCE 24 English YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: France

    France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

    6 Recent Items: France

  • Euro 2021: Moore heads Wales to 1-1 draw with Switzerland
  • Euro 2021: England take on Croatia on Sunday
  • Belgium beat Russia in comfortable start to Euro 2021
  • Euro 2021: Denmark game overshadowed by Eriksen collapse as Finns win 1-0
  • “All our thoughts and prayers are with Christian”, says Denmark coach after Eriksen collapse
  • Finland beats Denmark at Euro 2021 after Eriksen’s collapse
  • In This Story: Lebanon

    Lebanon, officially known as the Lebanese Republic, is a country in the Levant region of Western Asia, and the transcontinental region of the Middle East.

    The official language, Arabic, is the most common language spoken by the citizens of Lebanon. Its capital is Beirut.

    Lebanon was a founding member of the United Nations in 1945 and is a member of the Arab League (1945), the Non-Aligned Movement (1961), Organisation of the Islamic Cooperation (1969), and the Organisation internationale de la francophonie (1973).

    2 Recent Items: Lebanon

  • Lebanon urges UN to find alternative funding for Hariri tribunal
  • Clean Energy, Climate Change/Plant Pests, Lebanon, & other topics – Daily Briefing (02 June 2021)
  • Leave a Comment