Assad reveals the cause of the economic crisis in Syria … What is Lebanon’s relationship?



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Syrian President Bashar al-Assad revealed the real reason behind the worsening economic crisis in Syria and indicated that Syrian deposits held in the Lebanese banking sector are the main reason.

Al-Assad said during a tour of a trade fair held in Damascus with the participation of Aleppo producers: “The problem is not the siege, and if the siege of Aleppo did not affect it, then the siege of Syria, which cannot be more severe than the siege of Aleppo, it will not be the reason for the problem. ” (Economic) that we are going through, there is the issue of oil that affects us, and the issue of wheat, its supply and burning in the northeast regions undoubtedly has an impact ”.

He added that Syrian deposits, which are estimated in billions, remain in the Lebanese financial sector as the main reason behind the crisis.

He explained: “The economic problem has another reason that nobody talks about, which is the money that the Syrians took and deposited in Lebanon, and when the banks in Lebanon were closed, we paid the price. This is the essence of the problem of the that nobody talks. Of course, it’s always easy to blame the state and the government, mistakes. ” Everybody has this. This is another issue, but the current crisis is not linked to the blockade. The siege has been going on for years, and this does not mean that the blockade is a good thing and that the Americans are innocent, but the current crisis that started a few months ago is caused by this issue (the money deposited in Lebanon).

He noted that Syrian deposits in Lebanese banks are estimated at $ 20-42 billion, and said: “We don’t know what the real figure is, and this figure for an economy like Syria’s is alarming.”

Lebanese banks, which fear capital exodus and grapple with a severe currency crisis, have imposed strict controls on withdrawals and transfers of funds abroad since last year, angering local and foreign depositors who are unable to access. to your savings.

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