Nov 18 2021 - 06:58
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Sfeir after meeting Mikati: To approve Capital Control

A delegation from the Association of Banks in Lebanon headed by Salim Sfeir met on Thursday with Prime Minister Najib Mikati Lebanon, news ,lbci ,أخبار Capital Control, Crisis, Lebanon, Banks, Mikati,Sfeir,A delegation from the Association of Banks in Lebanon headed by Salim Sfeir met on Thursday with Prime Minister Najib Mikati
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Sfeir after meeting Mikati: To approve Capital Control
Lebanon News
A delegation from the Association of Banks in Lebanon headed by Salim Sfeir met on Thursday with Prime Minister Najib Mikati, as part of the work based on the development of the financial recovery plan.
 
The delegation stressed that "the importance of the cooperation of the banking sector to get out of the current crisis that has been going on for more than two years, especially as political stalemate increases the losses of the state, banks and depositors."
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Sfeir also stressed during his meeting with Mikati, "the need to protect the rights of depositors, especially in light of the currency collapse, which exacerbated the losses of the Lebanese and wiped out their purchasing power."
 
Sfeir reiterated "the importance of approving the Capital Control Law to preserve the remaining cash inside Lebanon, as well as preserve the rights of small depositors."
From his end, Mikati pledged to speed up the adoption of the Capital Control Law after agreement.
 
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