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Financial institution of Lebanon (BDL) sources introduced as we speak, August third, to LBCI that there isn’t a tendency from BDL to impose the reimbursement of loans that had been granted in US {dollars} to people earlier than October 2019 in recent {dollars}.
This is available in parallel after the World Financial institution accused Lebanese politicians of cruelty over deposit guarantees, in a report issued earlier as we speak.
In accordance with the World Financial institution, the declare by Lebanese politicians that deposits held within the nation’s collapsed banking sector are “sacred” is “merciless” as a result of they “flagrantly contradict actuality.”
It acknowledged that the political slogans for the sacrosanctity of deposits are hole and opportunistic and the fixed abuse of this time period by politicians is merciless.
Lebanon’s financial system has been in free fall and closely in debt. A large portion of the Lebanese inhabitants lives beneath the poverty line, together with some severely poor households who survive on lower than $4 per day, and lots of of them are underpaid or unemployed.
Associated: The Lebanese Financial Disaster Summed Up In 5 Essential Numbers.
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