Kanaan confirms he is against trapping deposits

Kanaan confirms he is against trapping deposits

Notification

2023-02-14 | 05:14

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Kanaan confirms he is against trapping deposits

The ambassadors of the five countries that participated in the Paris meeting were keen to deliver solid and decisive messages to the Lebanese officials, warning against the consequences of plunging the country further into collapse and stagnation.

However, The French, American, Egyptian, Qatari, and Saudi diplomatic delegations stressed that "the Lebanese themselves hold the key to the solution and should not expect any help from abroad as long as the situation remains the same in terms of a presidential vacancy, an institutional vacuum, and failure to carry out reforms."

They also emphasized that the necessity to hasten the election of a president was clearly and directly in focus, although they avoided recommending any candidate. 

Amid all the recent developments, the lira exchange rate continued to collapse and reached nearly LBP 70,000 against the US dollar in the black market. And may increase more as a result of the turmoil in the political, banking, and judicial systems.

This came simultaneously with pressure from the security services, the financial public prosecutor, Judge Ali Ibrahim, and the Public Prosecutor of Cassation, Judge Oweidat, to stop speculators. 

However, the banks started to suffer from the recent divisions within the Banks