Lebanon delays new FX platform due to tensions in south

A central bank source says the problems in the south and the inability of foreigners involved in the launch of a new currency exchange platform to come to Lebanon are behind the delay.

BEIRUT - Lebanon was forced to delay the launch of a new currency exchange platform run through Bloomberg due to months of shelling across the country's southern border between armed group Hezbollah and Israel, a senior central bank source told Reuters on Wednesday.

"What delayed us was the problems in the south and the inability (of foreigners involved in the launch) to come to Lebanon," the source said.