Lebanon’s Banks Have the Highest Cash Reserve Ratios in the World

“There are three features that distinguish the Lebanese financial system: 1. The banks have the highest cash reserve ratios in the world.  2. The central bank holds the second highest gold reserves on a per person basis.  3.  Real financial privacy. Lebanon is also one of the few countries left in the world that still has real financial privacy formerly http://www.iflr1000.com/LegislationGuide/794/FATCA-a-serious-threat-to-Lebanons-banking-secrecy.html, both in theory and in practice… just not for Americans, though, thanks to FATCA, which Lebanon has indicated it will comply with. Additionally, Lebanon ranks only behind Switzerland in terms of gold reserves per person according to this chart below from The Economist.”

http://www.internationalman.com/78-global-perspectives/983-would-you-believe-this-country

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