Central Bank of Libanon Officials Gets Arrested for Currency Manipulation

2020-5-19 00:00

Lebanon is one of the many countries where financial hardship has become the new normal. One official working for the Banque du Liban has now been arrested over currency manipulation concerns.

Central banks are often considered to be a plague among society.

Lebanon has a Dire Financial Situation

They control the financial well-being of entire countries, yet won’t shy away from printing money out of thin air.

In some countries, central bank officials openly manipulate the domestic currency.

Lebanon appears to be one such region, as the head of monetary operations has been arrested this week.

The arrest was made as an ongoing investigation into the country’s volatile fiat currency is underway.

Over the past few months, the demise of the Lebanese pound has become apparent.

It is bleeding value every single day, and the country deals with an acute dollar shortage.

There are also concerns over corruption and the current fiscal policies in place.

Addressing these issues and concerns will not be easy, yet it is evident that someone – or multiple individuals – will be held responsible in the long run.

One thing is certain: the country’s central bank will not be able to offer a helping hand.

Their decisions have triggered nationwide turmoil, with no improvement in sight. 

Image(s): Shutterstock.com

The post Central Bank of Libanon Officials Gets Arrested for Currency Manipulation appeared first on NullTX.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Miner One token (MIO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MIO

manipulation currency central one arrested society liban

Источник: nulltx.com

manipulation currency → Результатов: 32


Фото:

Bitcoin Price Watch: Currency Experiences Further Price Gains, but Is Manipulation a Factor?

At press time, the father of cryptocurrency is trading for well over $5,300. This is about $100 more than where it was during our last price piece. Jumping from $5,200 to about $5,300 in just under a week, bitcoin is keeping up its present momentum and defying all the bears that have dominated this industry […] The post Bitcoin Price Watch: Currency Experiences Further Price Gains, but Is Manipulation a Factor? appeared first on NullTX.

2019-4-23 21:10


Фото:

CoinFLEX Launches FlexCoin after Partnering with Digital Currency Group (DCG) and Polychain Capital

The latest launch by CoinFLEX fulfills the growing demand for a universal, scalable and secure cryptocurrency futures exchange. The company will unveil the world’s first Stablecoin-to-Stablecoin future’s contract and physically-delivered Bitcoin futures besides offering investors the power to hedge exposures with zero index or settlement manipulation risk.

2019-3-14 10:00


Фото:

SEC Chair Jay Clayton: No Bitcoin ETFs Until There Is Greater Oversight; “Assume Your ICO is a Security”

Securities Exchange Commission Chair Jay Clayton is reluctant to add digital currency ETFs, including Bitcoin ETFs, over fears of market manipulation, centralization, and custody security. Speaking at Consensus Invest in New York, Clayton said he will not support ETFs for a financial product until there are measures in place to ensure that it is free […] The post SEC Chair Jay Clayton: No Bitcoin ETFs Until There Is Greater Oversight; “Assume Your ICO is a Security” appeared first on CryptoSlate.

2018-11-28 06:43


Фото:

Exchange News: Mt. Gox Trustee Extends Deadline, GBX Licensed in Gibraltar

In recent exchange news, the Mt. Gox trustee will seek to extend the deadline for rehabilitation claims. In other news, Gibraltar Stock exchange has become the first national stock exchange to operate a regulated virtual currency exchange, and Okex has denied accusations of market manipulation relating to its recent short-notice settlement of BCH futures contracts.

2018-11-24 15:45


Фото:

U.K. Banks Warned to Be Careful With Cryptocurrencies

The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.

2018-6-29 18:17


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lebanon Central Bank to Introduce Digital Currency In 2021

The Lebanese Central Bank plans to introduce a central bank digital currency by 2021 in a bid to restore confidence in the banking sector and move the economy to a cashless system.   Major Development In a public announcement, the governor of the Lebanese central bank, Raid Salameh encouraged banks to plan on how to restructureRead MoreRead More.

Protests Rage In Lebanon Over Currency Collapse; Trust Gov’t, or Buy Bitcoin?

Buying Bitcoin is so far the best way to bet against the government in its handling of money. As Satoshi intended, it is where money and state separate. While it was born in the aftermath of the 2008 financial crisis when all trust in government was lost, world governments have been masking their financial and […]