The bank’s governor required the implementation of Circular 148 before and after April 3 to double the balances



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The president of the Bar Association demanded to challenge and amend the rent law, the lawyer Adib Zakhour, governor of the Bank of Lebanon Lebanese Salameh, corrected the circular No. 148 of April 3, 2020 issued by the Bank of Lebanon, which allowed depositors if their balance, either their endemic pension or their account on that date, does not exclusively exceed the amount of five million Lebanese pounds or three thousand dollars, or their sum in one dollar and Lebanese, which does not exceed nine million five hundred thousand Lebanese pounds, that this balance doubled based on the exchange rate of the dollar after its conversion to three thousand Lebanese pounds.

He added: “Since it does not benefit from this generalization, except for those who have had a balance or a national pension or an amount exclusively on this date, that is, on 3/4/2020 and have not withdrawn it, since the Most employees, military, depositors and workers withdrew their money and pensions before or shortly after the date of 3/4/2020, many banks did not inform them of this generalization or its application, in addition to the fact that most of the Lebanese and depositors transfer their pensions and download them from the 23rd of each month or after 3/4/22020, that is, before this date or after that, just as the Lebanese were forced to withdraw their small assets mentioned in Circular No. 148 before or shortly after this date, due to economic difficulties The exceptional social situation that the country is going through and, therefore, a very large group of workers, employees and military personnel ar who have liquidated their pensions and depositors will not benefit unfairly from this circular, since the circular specifies a single day and date and is defined as a starting point and as a condition in which these sums are in banks and to apply circular 148 against them and benefit from it Under pain of denying them this right. “

Zakhour requested “Correction of Circular 148 dated 3/4/2020 to extend the month before and after this date. In the event that this balance or part of it is withdrawn, it will be recycled once as indicated in the circular, to include all depositors who have this balance and benefit equally with depositors who benefited from this circular and were lucky to have a very small balance on the date of the circular issued on 3/4/22020, highlighting that “The most important thing is the rigor of the central bank in the supervision and control of banks in accordance with the cash and credit law that gave it authority and the duty to preserve the depositors’ funds and their rights AND control the banks. to implement the circulars issued by him and Preserve the currency, national criticism and claimants’ funds, especially Circular 148 and its amendments immediately after its issuance and immediately , and notify depositors with a resolution and deliver the amounts and do not delay or delay the application and do not compel depositors to sign any document that exceeds Circular 148 to Circular 151 or absolute circular under penalty of prosecution and nullify any violation To the law or circulars, knowing that violations can constitute criminal offenses of the crime of dishonesty, deception, fraud, etc. if the procedures are carried out against the rules and its elements are verified.



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