The severed relationship between Banque du Liban and foreign correspondent banks will make it tough for Lebanon to transfer foreign payments and purchase basic goods from abroad. Foreign lenders are cutting ties with Lebanon's central bank, a move that marks yet another milestone in the country's descent into bankruptcy and civil unrest. HSBC and Wells Fargo are among the banking service providers breaking off their business relationships with Banque du Liban, Reuters reported. In a letter to Lebanon's public prosecutor, central bank Governor Riad Salameh warned that Wells Fargo had closed a central bank account in dollars, while HSBC had shut its British sterling account. The "negative sh
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