France Dispatches Envoy to Beirut to Implement CEDRE Pledges

A general view of the Lebanese capital Beirut. (AFP)
A general view of the Lebanese capital Beirut. (AFP)
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France Dispatches Envoy to Beirut to Implement CEDRE Pledges

A general view of the Lebanese capital Beirut. (AFP)
A general view of the Lebanese capital Beirut. (AFP)

French presidential envoy Pierre Dukan is scheduled to arrive in Beirut on Wednesday to devise the practical measures for the implementation of the CEDRE conference pledges.

The dispatching of the envoy reflects France’s satisfaction with the formation of the Lebanese government, whose delayed birth had raised serious concerns over the implementation of the Paris-sponsored agreement.

Dukan will kick of his visit by holding talks with President Michel Aoun, Speaker Nabih Berri and Prime Minister Saad Hariri, said a diplomatic source in Beirut. He will also meet with ministers whose ministries have projects included in the CEDRE conference.

CEDRE was held in Paris on April 6 and presented long-term economic developments projects for Lebanon.

Dukan’s plan of action in Lebanon will focus on infrastructure projects presented by the Lebanese government. He will also set priorities in order to finance these projects and then “carry out needed reforms,” said the source.

The envoy had held talks last year with concerned officials during which they agreed on placing mechanisms to follow up on the CEDRE conference pledges.

They formed a Lebanese coordination team and another comprised of representatives of countries that took part in the conference, as well as donor agencies.

The two teams will hope to draft a vision that is “beyond strategic,” said Dukan.



Türkiye Works to Halt Circulation of Fake US Dollars

FILE PHOTO: A money changer counts US dollar bills, with Turkish lira banknotes in the background, at an currency exchange office in central Istanbul, Türkiye, August 21, 2015. REUTERS/Murad Sezer/File Photo
FILE PHOTO: A money changer counts US dollar bills, with Turkish lira banknotes in the background, at an currency exchange office in central Istanbul, Türkiye, August 21, 2015. REUTERS/Murad Sezer/File Photo
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Türkiye Works to Halt Circulation of Fake US Dollars

FILE PHOTO: A money changer counts US dollar bills, with Turkish lira banknotes in the background, at an currency exchange office in central Istanbul, Türkiye, August 21, 2015. REUTERS/Murad Sezer/File Photo
FILE PHOTO: A money changer counts US dollar bills, with Turkish lira banknotes in the background, at an currency exchange office in central Istanbul, Türkiye, August 21, 2015. REUTERS/Murad Sezer/File Photo

Turkish authorities were checking currency exchanges and cash dispenser machines on Thursday to help avert any damage from the circulation of counterfeit US dollars, which has prompted a number of banks to stop accepting some of the bills.
The central bank said it was working with judicial authorities to address the counterfeiting issue and had shared a report and guidance with lenders after having examined the fake US banknotes, Reuters reported.
Though it was unclear how much counterfeit currency was in circulation across the country, several banking sources said that several foreign exchange offices and banks were no longer accepting some US dollars.
A source with knowledge of the matter said there were no related problems with the financial system.
Several banking sources have said some $50 bills and $100 bills are suspected of being counterfeit and are not currently detected by money-counting machines.
The Turkish Banking Association said these machines as well as cash dispenser machines, or ATMs, were being checked and updated to halt any further circulation of counterfeit bills.
The source said a planned rapid system-wide update to money-counting machines would make detection possible.
Separately, a prosecutor's office in Istanbul launched an investigation into the issue, broadcaster NTV reported.