In a related context, the economic and financial expert, Dr. Bilal Allameh, expressed his deep concern about the current financial situation via “Lebanon 24,” especially after the return of the Lebanese delegation from New York and the differences in visions between the Governor of the Banque du Liban and the political leaders, in addition to the recent visit of a delegation from the US Treasury Department to Beirut, during which it urged Lebanon to regulate its monetary economy.
He added: “The Governor of the ‘Central Bank’ has no option but to raise the ceiling on withdrawals according to previous circulars.” Regarding the return of deposits, Saïd stresses that deposits of less than $100,000 must be returned in cash and quickly, while deposits exceeding $100,000 will be subject to accounting and auditing mechanisms, and this is probably what worries the political leaders.”
He also pointed out that “entering into a financial and banking audit regarding large deposits may take a great deal of controversy, and the alternative is to give depositors instruments or bonds, provided that they are not disposed of for a period of 3 years.”
He concluded by saying: “The financial situation is difficult, and there are no signs of good, and all matters are linked to the financial gap law, which seems unlikely to see the light soon.”
