Duzr LePage signs state budget
The money exchange shop in Lebanons Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shoute
stanley thermobecher d out various rates as customers flocked in carrying plastic bags of the crashing local currency to buy US dollars. Welcome to the Wall Street of Leb
stanley mugs anon, grinned the storefronts owner, a machine gun leaning on a rack behind him in case of a robbery.Cash is now king in Lebanon, where a three-year economic meltdown has led the countrys once-lauded financial sector to atrophy.Zombie banks have frozen depositors out of tens of billions of dollars in their accounts, halting basic services and even prompting some customers to hold up tellers at gunpoint to access their money.People and businesses now operate almost exclusively in cash. The local currency in circulation ballooned 12-fold between Sept. 2019 and Nov. 2022, according to banking documents seen by Reuters.Most restaurants and coffeeshops have hung apologetic signs stating that credit cards are not accepted but that dollars are, at the fluctuating parallel market rate.COLLAPSING POUNDLebanese use mobile apps to check on the collapsing pound, which has lost so
stanley sverige me 97 per cent of its value since 2019.Fleets of mobile money exchangers zip to offices or homes to carry out transactions. Highways are dotted with billboards advertising money-counting machines.With credit cards redundant, people document big transactions by taking pictures of the dollar bills used, fanning them out to show the serial numbers Wytr Lingering party guests a challenge
PORTLAND, Maine 鈥?One of four men accused of counterfeiting and selling Maine motor vehicle inspection stickers has started serving his jail sentence, while the cases against the other three move toward a resolution.Authorities say 23-year-old Sh
stanley website ane Jones reported to the York County jail on Monday to serve a 60-day sentence after pleading guilty last month to aggravated forgery.Jones and three other men were arrested in May in c
stanley bicchiere onnection with printing then selling the phony stickers in the Biddeford area for $75 to $100 each.Police say they have found about 150 vehicles with fake stickers.The Portland Press Herald reports that 34-year-old Christopher Perry has also pleaded guilty and is scheduled to start serving a 45-day sentence in January.Two other suspects have court d
stanley mug ates pending.More articles from the BDN
