Lebanon to keep studying decision on Eurobonds -finmin – ZAWYA

Lebanon to keep studying decision on Eurobonds -finmin – ZAWYA

On Wednesday, Lebanon formally requested the International Monetary Fund's technical help in tackling its unprecedented financial and economic crisis.. Finance Minister Ghazi Wazni, speaking after Thursday's meeting, said numerous options for dealing with the Eurobonds were discussed.. Banks could no longer deal with depositors in a way that was "illegal and unclear", he said.. A new circular from the central bank set an interest rate cap of 4% on dollar bank deposits and a cap of 7.5% on Lebanese pound deposits, according to several Lebanese news outlets.. The new government, which won a vote of confidence in parliament this week, has urged banks to slice interest rates to spur economic activity and ease the strain on the public finances..