Iraqi PM replaces Central Bank governor in midst of economic crisis

While the weakening of Iraq's dinar falls in the spectrum of a rising US dollar, sanctions targeting Iraqi banks and restrictions on transfers have exacerbated the problem

EU inspectors launch probe against Lebanon’s central bank chief

According to European judicial documents, since 2002, Riad Salameh embezzled hundreds of millions in public funds using a shell company registered in the Virgin Islands

Lebanese central bank chief demands ‘guarantees’ he will not be arrested: Report

Prime Minister Mikati is reportedly making sure that the European judicial delegation does not bypass Lebanese law

European judiciary to investigate Lebanon’s central bank governor in Beirut

The US is not interested in joining the investigation, as long as the country remains compliant with the US sanctions regime against Hezbollah and Syria

France investigates paramour of Lebanon’s central bank chief for money laundering

Riad Salameh has avoided detention throughout the past year thanks to the protection afforded to him by high officials and by the US ambassador to Lebanon

Germany, France ask to bypass Lebanese judges ‘impeding’ corruption probe into central bank chief

Riad Salameh faces money laundering and embezzlement charges in France, Germany, Luxembourg, Lichtenstein, Switzerland, and Lebanon

Egyptian central bank announces plan to move currency away from US dollar

The central bank chief says the Egyptian pound must be pegged 'against every currency,' not just the greenback

Pump prices shoot up in Lebanon as central bank lifts subsidies for fuel imports

Iranian officials recently reiterated an offer to provide Lebanon with 'free fuel, construct new power stations, and rehabilitate existing power networks'

Lebanon’s central bank chief guilty of embezzling millions in public funds

Official documents show Riad Salameh laundered millions using real estate owned by shell companies linked to his close relatives, and did so with full impunity from other central bank authorities

Iran Central Bank and Tehran Stock Exchange launch trade in Russian rubles

Earlier this week, Moscow expressed interest in dropping the US dollar for their bilateral trade with Iran

Lebanese PM wants to freeze corruption case against central bank chief

The PM-designate made his suggestion after Lebanese security forces raided the Beirut headquarters of the central bank in search of Riad Salameh

Lebanese security forces conduct fruitless raid on home of central bank governor

Riad Salameh has continuously evaded arrest and subpoena warrants for his role in the 2019 financial collapse

Prosecutors request formal charges be brought against Lebanon’s central bank chief

Riad Salameh is under investigation in over half a dozen countries for embezzlement, illicit enrichment, tax evasion, and fraud

Lebanon’s Central Bank governor sues state over embezzlement probe

The counter-suit may stall the investigation into the financial crimes of the Salameh brothers and their role in Lebanon's financial collapse

Son of Lebanon’s central bank governor moved millions of dollars abroad, despite restrictions

In 2019, a financial crisis led Lebanese banks to block the withdrawals or transfer in US dollars by Lebanese depositors

Brother of Lebanon’s central bank governor released on $3.7 million bail

The Salameh brothers have been accused of money laundering and illicit enrichment, while the UN has accused the Lebanese central bank of human rights violations

Lebanese Central Bank guilty of human rights violations: UN

UN officials have lambasted Lebanon for 'appalling levels of wealth concentration at the top, 'tax policies that favor evasion,' and for an 'inadequate social protection system'

Lebanese Central Bank withholds funds needed to operate power stations

The World Bank has revealed that Lebanon's central bank and ministry of finance have failed to disburse necessary funds for the transfer of energy from Egypt

Lebanese Central Bank holds $17.5 billion in gold reserves: Banque du Liban chief

The central bank chief also denied recent comments by a high official saying the country is 'bankrupt'

Lebanese judiciary seeks freeze on foreign assets of Central Bank governor

Officials believe Salameh's overseas assets belong to Lebanon and fear the EU seizure may result in the loss of much-needed funds in the face of the catastrophic economic collapse

Lebanese judge sets $20mln bail for brother of central bank governor

The judge in charge of investigating central bank chief Riad Salameh for illicit enrichment has also postponed his questioning until June

EU authorities confiscate assets linked to embezzlement at Lebanon’s central bank

Many Lebanese citizens believe that Salameh played a key role in the economic crisis that the country is currently experiencing

Lebanese PM shows support for central bank governor charged with illicit enrichment

The news comes amid reports that the PM's office was trying to influence the judiciary to acquit Riad Salameh

Lebanon’s Central Bank chief charged with illicit enrichment

Riad Salameh has denied the charge, claiming that he ordered an audit to prove his innocence

Brother of Lebanon’s central bank governor detained after court hearing

Riad Salameh and his brother Raja are both implicated in money laundering, yet the central bank governor has evaded arrest so far

Lebanese central bank pursues non-repatriated funds of elite, political individuals

The Lebanese central bank, Banque du Liban, has been mired in controversy since the beginning of the country's economic meltdown

Lebanon faces food crisis as Central Bank reserves dwindle

The rise of wheat prices due to the Ukraine crisis coincides with a judicial investigation against the head of the Central Bank for mismanagement and corruption

Lebanese Central Bank accused of concealing commissions recipients: Report

The commissions, handled by a company owned by the brother of Central Bank governor Riad Salameh, were allegedly used to embezzle millions of dollars in public funds

Judge sues Lebanon’s police chief for obstructing arrest of Central Bank Governor

After the manhunt against Salameh failed to turn in the Governor, Judge Ghada Aoun moved to sue the Major General of the ISF for obstructing the subpoena

Lebanese security forces launch manhunt for Central Bank Governor Riad Salameh

In January, a Lebanese court issued a travel ban on Salameh, who is being criminally investigated in at least three European countries