| 26 May 2024, Sunday |

Kanaan after the Money Committee: “ deposits’ chopper is going on”

Representative Ibrahim Kanaan revealed that “they were on an appointment with the Banque du Liban, in the presence of Minister of Finance and Banks and Depositors’ Association, Banque du Liban asked for a deadline until the end of the year to study the issue of raising the value of withdrawals.”

He announced after the meeting of the Finance Committee that “the committee rejected the deadline requested by the Banque du Liban and the government, demanding an answer from the bank regarding the issue of raising the value of withdrawals from 3900 pounds to the dollar, before the end of this month.”

Kanaan added: “The deposits’ chopper is working without any thought of what could happen in the next stage, and we will cooperate with the Prime Minister and the Minister of Finance in this regard.