Lebanon MPs want a capital control solution that protects depositors and banks

Lebanon MPs want a capital control solution that protects depositors and banks

The Joint Parliamentary Committees on Tuesday agreed on identifying a capital control solution that would both preserve the rights of depositors and the “existence” of banks, Deputy Speaker Elias Bou Saab said.

According to media reports that the Committees will ask the government to forward the economic recovery plan in order to discuss it along with the capital control law.

“Today’s session was fruitful and there are serious efforts to reach a result. The ball today is in the government’s court,” Bou Saab added.