Assad blames Syria’s current economic woes on Lebanese banks

Assad blames Syria’s current economic woes on Lebanese banks

Assad blames Syria's current economic woes on Lebanese banks

Assad blames Syria's current economic woes on Lebanese banks

Assad blames Syria's current economic woes on Lebanese banks

Syrian President Bashar Assad and first lady Asma Assad visit the 'Producers 2020' exhibition, in Damascus, Syria, Wednesday, Nov. 4, 2020. (AP Photo)

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Updated 51 min 23 sec ago

AP

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Assad blames Syria's current economic woes on Lebanese banks

Bashar Assad said that between $20 billion and $42 billion, held by Syrians, is estimated to be tied up in Lebanese banks

Lebanon is experiencing a serious banking crisis, which has led to the introduction of informal capital controls to combat capital flight

Updated 51 min 23 sec ago

AP

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DAMASCUS, Syria: Syrian President Bashar Assad said much of his country's current economic distress is a direct result of the banking crisis