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A man handles U.S. dollar bills at a currency exchange office in Beirut. (Credit: Anwar Amro/AFP) Add as preferred on Google For now, there are only rumors, preliminary estimates and signs that may prove misleading. But taken together, they’re beginning to raise concerns. For some time, money changers, monetary officials and political figures have been hearing reports of fewer transfers from abroad, smaller sums being sent and some customers waiting longer between transfers.In Jbeil, Elie, who’s in his 40s, closed the money transfer service he had operated out of his currency exchange shop for about a decade in May. “There aren’t many transfers from abroad anymore, so it was no longer worth it.” Read more Who owns the recovered funds BDL wants to use to repay depositors? A broader decline in remittances would be a serious setback for Lebanon, which relies on these foreign currency inflows to help offset a structural trade deficit and make up for... You have reached your article limit.Stay informed as events unfold across a region in flux.Subscribe for $0.5/month for the first 3 months. Subscribe now Log in This article is only available to L’Orient Today subscribers. Subscribe now Log in Create a free account to continue reading this article. You’ll also receive The Morning Brief, our must-read daily digest of Middle East news. Opt out anytime Email Address Password Email Address Password I would like to receive special offers from L'Orient Today as well as selections of the best articles. Register By creating an account, you agree to the terms and conditions of use and our privacy policy. Register Or register with: Facebook
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