EconWithNick on Nostr: I decided to check in on Lebanon's CBDC development. I remembered the central bank ...
I decided to check in on Lebanon's CBDC development. I remembered the central bank was planning to launch one in 2021, but it never came out.
Lo and behold, I now see what caused the delay: Banque du Liban governor Riad Salameh left his post and has been sanctioned for running an international corruption scheme.
Salameh was the one leading the charge on CBDCs.
Published at
2024-07-19 14:55:00Event JSON
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"content": "I decided to check in on Lebanon's CBDC development. I remembered the central bank was planning to launch one in 2021, but it never came out. \n\nLo and behold, I now see what caused the delay: Banque du Liban governor Riad Salameh left his post and has been sanctioned for running an international corruption scheme.\n\nSalameh was the one leading the charge on CBDCs. ",
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