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RSS FeedsLebanon`s plea to skeptical expats: Come visit, bring cash
(WorldNews Politics)

 
 

1 july 2020 09:33:00

 
Lebanon`s plea to skeptical expats: Come visit, bring cash
(WorldNews Politics)
 


BEIRUT (AP) — With Beirut`s airport partially reopening from a three-month virus shutdown, the government is hoping thousands of Lebanese expatriates will return for the summer — and bring dollars desperately needed to prop up the crashing economy. But Lebanon`s far-flung diaspora, renowned as entrepreneurs who for years sent their cash home, may no longer be willing to do that. Many are staying away, appalled at the ruling elite`s handling of Lebanon`s unprecedented economic and financial meltdown and outraged at local banks holding their dollar deposits hostage. Some have stopped sending money, except small amounts to sustain their families. Others are considering cutting ties completely...


 
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