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BankMed and the Lebanese Pound saga

Hmmm, the Central Bank by its own admission has pumped six billion USD to keep the Lebanese Pound afloat when PM Hariri resigned-did-not-resign episode thanks to some KSA-meddling-yet-done-in-his-own-free-will. BankMed is indeed owned by the same family in question, which is now advertising "our (Lebanese) pound is our currency" - the beautiful part of the ad is that they actually got the vintage typography present on the currency to write the headline giving the ad a typical Lebanese cachet. Pity the ad has to come with the hefty price tag of 6 billion Dollars to have it done!


This post first appeared on Tarek Chemaly, please read the originial post: here

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BankMed and the Lebanese Pound saga

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