
Finance system in Lebanon
The Lebanese economy is a developing economy with a commercial tradition of minimum government intervention into the local private sector. The Lebanese economic system is service-oriented and its key services have been always related to banking and tourism. Since there are no restrictions on foreign exchange transactions neither capital movements, income- and the tax-free environment has become another distinctive feature of the local financial system. Lebanon is a service-oriented country with its focus set on banking and tourism. Although there's been ...
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