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Syrian President Bashar Al-Assad saw billions of dollars in Syrian deposits held in the Lebanese financial sector after a major financial crisis as one of the main causes of the worsening Syrian economic crisis.
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.
Assad said that between 20 billion and 42 billion of the deposits may have been lost in the once active banking sector that had cash deposits.
More than 170 billion dollars. “This figure for the Syrian economy is an alarming figure,” he said.
Al-Assad, who was speaking during a tour of a trade fair broadcast by the official media, added: “The money they took and landed in Lebanon and we paid the price, and this is the essence of the problem for what it took me to say “.
Syrian businessmen say Lebanon’s strict controls on withdrawals seized hundreds of millions of dollars that were used to import essential oil and goods into Syria.
Furthermore, bankers and businessmen say that many Syrian front companies have been circumventing Western sanctions by using the banking system.
Lebanese to import unauthorized goods into Syria by land.
And the US Treasury has blacklisted dozens of these companies.
Al-Assad said that the current economic burdens are not caused by the Caesar Law, considering that “the current crisis started before the Caesar Law and began years after the blockade … these are the resources they left (in the Lebanese banks) “.
Syrian authorities have blamed Western sanctions for the widespread hardships among ordinary citizens, as the collapse of the currency since the beginning of the year has led to higher prices and the suffering of citizens to obtain bread and basic supplies.
Last month, the government faced a severe fuel shortage and was forced to raise bread prices as wheat supplies dwindled, compounding discontent among a population weary of a decade-long war.
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