{"id":136463,"date":"2025-12-28T01:17:05","date_gmt":"2025-12-28T01:17:05","guid":{"rendered":"https:\/\/www.themintmagazine.com\/?p=136463"},"modified":"2025-12-28T01:17:05","modified_gmt":"2025-12-28T01:17:05","slug":"lebanese-cabinet-approves-a-draft-law-to-return-funds-wiped-out-with-the-2019-collapse-of-banks","status":"publish","type":"post","link":"https:\/\/www.themintmagazine.com\/lebanese-cabinet-approves-a-draft-law-to-return-funds-wiped-out-with-the-2019-collapse-of-banks\/","title":{"rendered":"Lebanese Cabinet approves a draft law to return funds wiped out with the 2019 collapse of banks"},"content":{"rendered":"<header class=\"post-header post-header--conveyor\">\n<div class=\"post-header__text\">\n<header class=\"article-header\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader__summary\" role=\"region\" aria-label=\"summary\">\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-0\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader__summary\" role=\"region\" aria-label=\"summary\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader__summary\" role=\"region\" aria-label=\"summary\">\n<div class=\"post-subheader has-summary\">\n<div class=\"post-subheader__summary\" role=\"region\" aria-label=\"summary\">\n<p>BEIRUT (AP) \u2014\u00a0<span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" href=\"https:\/\/apnews.com\/hub\/lebanon\" data-gtm-enhancement-style=\"LinkEnhancementA\">Lebanon\u2019s<\/a><\/span>\u00a0Cabinet on Friday approved a draft law to determine the extent of losses suffered by Lebanese banks during the\u00a0<span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" href=\"https:\/\/apnews.com\/article\/karim-souaid-central-bank-lebanon-appointment-government-riad-salameh-87567d03c584b0657be992185debb479\" data-gtm-enhancement-style=\"LinkEnhancementA\">country\u2019s financial meltdown in 2019<\/a><\/span>\u00a0and provide a mechanism to return depositors\u2019 funds that were wiped out at the time.<\/p>\n<p>The financial collapse, which wiped out billions in savings and left many unable to access their funds, was part of a fiscal crisis that followed decades of corruption, financial mismanagement and nefarious profiteering.<\/p>\n<\/div>\n<\/div>\n<div class=\"su-button-center\"><a href=\"https:\/\/apnews.com\/article\/lebanon-gap-law-economic-crisis-banks-f5769bb1eb7a44f49abb66b366fddf0f\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#68cf8a;border-color:#54a66f;border-radius:10px\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color:#FFFFFF;padding:8px 26px;font-size:20px;line-height:30px;border-color:#96deae;border-radius:10px;text-shadow:none\"><i class=\"sui sui-sign-out\" style=\"font-size:20px;color:#FFFFFF\"><\/i>  <small style=\"padding-bottom:8px;color:#FFFFFF\">Click here for full article at AP News<\/small><\/span><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<\/div>\n<\/header>\n","protected":false},"excerpt":{"rendered":"<p>BEIRUT (AP) \u2014\u00a0Lebanon\u2019s\u00a0Cabinet on Friday approved a draft law to determine the extent of losses suffered by Lebanese banks during the\u00a0country\u2019s financial meltdown in 2019\u00a0and provide a mechanism to return &hellip; <\/p>\n","protected":false},"author":1549,"featured_media":136468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[54,58,52,1879,5],"tags":[2137,1492,1048],"class_list":["post-136463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-sector","category-government","category-middle-east","category-money","category-news","tag-economic-crisis","tag-fiscal-policy","tag-lebanon"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts\/136463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/users\/1549"}],"replies":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/comments?post=136463"}],"version-history":[{"count":0,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/posts\/136463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/media\/136468"}],"wp:attachment":[{"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/media?parent=136463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/categories?post=136463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.themintmagazine.com\/wp-json\/wp\/v2\/tags?post=136463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}