News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
25
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
26
o
North
29
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Crystal
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
25
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
26
o
North
29
o
South
27
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
With no capital control law in sight, banking sector funds will deplete
Lebanon Economy
12-01-2023 | 09:29
High views
Share
Share
2
min
With no capital control law in sight, banking sector funds will deplete
Banking sources believed that, given the current state of the country's politics and the absence of a president, it might be difficult or even impossible to pass the Capital Control Law.
According to these sources, in the absence of this law, the banking industry's remaining funds may leak through lawsuits filed abroad and court orders compelling banks to transfer money to depositors' accounts abroad.
As a result, liquidity will dry up, and small Lebanese depositors will not be able to receive their rights.
These sources provided information saying that Banque du Liban (BDL) started looking into ways to stop the depletion of funds while waiting for the country to regain political stability and pass a Capital Control Law.
A circular that safeguards depositors and prevents money from being leaked abroad via lawsuits might be issued.
According to banking sources, the expected measure by
BDL
requires parliamentary support and the prime minister's approval to be effective.
According to these sources, the central banks, which have authorities comparable to that granted to
BDL
by the Monetary and Credit Law, are in charge of making decisions regarding transfers that safeguard the nation's financial and monetary situation.
According to banking sources, this is, for instance, what recently occurred in Egypt.
The central issue in this scenario is how foreign courts will deal with
BDL
's circular since a circular is not a law, and courts only deal with laws.
Breaking Headlines
Lebanon News
Lebanon Economy
News Bulletin Reports
Capital Control
Law
BDL
Funds
Lebanon
Lebanese
Crisis
Crises
Money
Financial
Economy
Next
President Aoun emphasizes importance of agricultural sector, highlights efforts to boost exports to Gulf countries
Recommended For You
d-none hideMe
0
News Bulletin Reports
2025-07-02
Six years on, Lebanon’s banking crisis deepens without legislative solution
News Bulletin Reports
2025-07-02
Six years on, Lebanon’s banking crisis deepens without legislative solution
0
Lebanon Economy
2025-06-30
Mohammad Choucair discusses Brazil’s customs exemption for Lebanese goods with Lebanese-Brazilian Business Council
Lebanon Economy
2025-06-30
Mohammad Choucair discusses Brazil’s customs exemption for Lebanese goods with Lebanese-Brazilian Business Council
0
News Bulletin Reports
2025-06-28
Legal cannabis in Lebanon: A long-stalled plan finally takes root
News Bulletin Reports
2025-06-28
Legal cannabis in Lebanon: A long-stalled plan finally takes root
0
Lebanon Economy
2025-06-27
Lebanon raises minimum wage to LBP 28 million
Lebanon Economy
2025-06-27
Lebanon raises minimum wage to LBP 28 million
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
News Bulletin Reports
2025-05-15
From six seats to full power: New law could reverse limit on expat voting in Lebanon's 2026 elections
News Bulletin Reports
2025-05-15
From six seats to full power: New law could reverse limit on expat voting in Lebanon's 2026 elections
0
Sports News
04:32
Liverpool's Portuguese forward Diogo Jota dies in car crash in Spain, TVE reports
Sports News
04:32
Liverpool's Portuguese forward Diogo Jota dies in car crash in Spain, TVE reports
0
News Bulletin Reports
13:02
Israel pushes deeper into Gaza with new military plan, eyes hostage deal
News Bulletin Reports
13:02
Israel pushes deeper into Gaza with new military plan, eyes hostage deal
0
World News
13:24
US recalls top diplomat in Colombia for 'urgent consultations'
World News
13:24
US recalls top diplomat in Colombia for 'urgent consultations'
Videos
d-none hideMe
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Most read
d-none hideMe
24 hours
7 days
Month
1
Sports News
04:32
Liverpool's Portuguese forward Diogo Jota dies in car crash in Spain, TVE reports
Sports News
04:32
Liverpool's Portuguese forward Diogo Jota dies in car crash in Spain, TVE reports
2
News Bulletin Reports
14:58
Israeli profiles surface on Lebanese dating apps — real risk or random match?
News Bulletin Reports
14:58
Israeli profiles surface on Lebanese dating apps — real risk or random match?
3
Lebanon News
10:17
Israeli drone targets vehicle on Khalde highway
Lebanon News
10:17
Israeli drone targets vehicle on Khalde highway
4
Lebanon News
03:54
Hezbollah’s Qassem says party won’t surrender weapons or land under pressure
Lebanon News
03:54
Hezbollah’s Qassem says party won’t surrender weapons or land under pressure
5
Lebanon News
05:46
MEA cancels Paris flight amid French airport strikes, reschedules for Saturday
Lebanon News
05:46
MEA cancels Paris flight amid French airport strikes, reschedules for Saturday
6
Middle East News
10:40
US imposes new sanctions targeting Iran oil trade, Hezbollah: Treasury Department says
Middle East News
10:40
US imposes new sanctions targeting Iran oil trade, Hezbollah: Treasury Department says
7
Lebanon News
11:44
Israeli airstrike on vehicle in Khalde kills one, wounds three: Health Ministry
Lebanon News
11:44
Israeli airstrike on vehicle in Khalde kills one, wounds three: Health Ministry
8
Lebanon News
05:27
Iraq to strengthen Lebanon relations, says head of the Iraqi mission
Lebanon News
05:27
Iraq to strengthen Lebanon relations, says head of the Iraqi mission
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More