Interim governor of Banque du Liban (BDL), Wassim Manssouri. (Credit: Mohammad Yassine)
Banque du Liban (BDL) interim Governor Wassim Manssouri stated in an interview with the Al-Hadath channel on Wednesday that he has “a comprehensive plan to return depositors' funds. "“We have a comprehensive plan to return depositors' funds ... It is unacceptable that deposits have not been recovered after five years of crisis ... We have also proposed a bill for the issuance of new currencies,” he indicated.Since the beginning of the financial crisis in 2019, Lebanese bank customers have faced severe restrictions limiting access to their assets. This situation stems from losses resulting from decades of financial mismanagement and corruption. The question now is who should bear these losses, and a major taboo is beginning to fall: the use of state asset revenues to contribute to the repayment of deposits over a defined...
Banque du Liban (BDL) interim Governor Wassim Manssouri stated in an interview with the Al-Hadath channel on Wednesday that he has “a comprehensive plan to return depositors' funds. "“We have a comprehensive plan to return depositors' funds ... It is unacceptable that deposits have not been recovered after five years of crisis ... We have also proposed a bill for the issuance of new currencies,” he indicated.Since the beginning of the financial crisis in 2019, Lebanese bank customers have faced severe restrictions limiting access to their assets. This situation stems from losses resulting from decades of financial mismanagement and corruption. The question now is who should bear these losses, and a major taboo is beginning to fall: the use of state asset revenues to contribute to the repayment of deposits over a...
Washington talks stall on 2nd day over 'pilot zones'