Banks call on “honorable customers” to understand the theft of their money!

Even after depositors were satisfied with the reality imposed by the banks, which led to the reduction of caps for withdrawals from dollar accounts, and the implementation of mandatory heirs on deposits equal to 50 percent, these banks were not satisfied. . Yesterday he legalized what was previously announced about the reduction of withdrawal caps in LBP. With a very courteous statement that contradicts the whole logic of the banks’ treatment of depositors whose money was stolen, the Association of Banks convened, after a meeting of its delegation with the Governor of the Banque du Liban Riad Salameh, “honorable clients to understand the justifications for these temporary measures that would help regulate and control the market in Lebanon. ” ».

The association also announced that “the following was agreed:
1- Confirming that this type of measure is by its nature a temporary measure imposed by exceptional situations and to which the world’s central banks resort to combat inflation and the excessive rise in the prices of goods and services, while continuing to satisfy needs global liquidity of the local market.
2- Ensure the liquidity needed by the Lebanese market and bank clients, without the latter limiting themselves to cash.
3- Encourage citizens and bank customers to use the other payment tools available to them through the banking system, such as credit cards, checks and bank transfers.
The quickest response to this stimulus came from fuel distributors. After the Lebanese Central Bank circulated requiring fuel importers to pay in cash, distributors made the decision to stop adopting prepaid cards at stations. This position is expected to become more widespread, thus increasing the percentage of those who refuse to receive cards, which ultimately means that the cash ceiling the depositor will receive is all he can use, if he does not have the savings.

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