Lebanon’s central bank chief tries to reassure depositors
Lebanon’s central bank chief tries to reassure depositors
BEIRUT--Lebanon's central bank chief Riad Salameh said on Monday that depositors' money was safe in the country's banks and they might soon be able to access some of their dollars.
Once ranked among the world's more profitable lenders, Lebanon's banks froze customers out of their deposits and blocked them from transferring cash abroad after a financial crisis erupted in late 2019.
“The system as we know it today has not collapsed,” Salameh told regional television network al-Arabiya's Al Hadath channel.
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