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It says in “Al-Markazia”:
The monthly meeting between the Governor of the Banque du Liban, Riad Salameh, and the Association of Banks headed by its president, Salim Sfeir, is expected to discuss the echoes left by the recent Banque du Liban circulars related to the banking sector, especially Circular No. 154 urging banks to request those who transferred their money after July 2017 to recover 15 percent. Or 30 percent and put it in a special frozen account for five years.
Banking sources through the Central Bank ruled out the possibility of applying the circular before knowing the plan of the new government, and the agreement with the International Monetary Fund, and if this government would maintain the Hassan Diab government plan and if it had the approval of the Fund, which if applied would lead to zero in the banking sector. The sector, all losses, including central bank losses. “
And he considered that in the next meeting “it is necessary to know the directions in which the monetary authority will behave and if there is a change in this policy.”
Sources stated that “in the absence of a vision or plan, no bank, except for some, can ensure this increase in banks’ capital, because no investor will put their money in a losing or ambiguous investment, and therefore the next few days are pregnant with news, and the banking sector has no more to wait. Know the political and international trends “.
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