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2024-07-19 14:55:00

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.
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