Wazni Meets Sfeir Who Says Deposits are Safe
Finance Minister Ghazi Wazni held talks with Head of the Association of Banks in Lebanon Salim Sfeir who assured that bank deposits are safe and there are no plans to impose haircut on deposits.
“The meeting was positive,” said Sfeir, “the deposits are there and will stay there. No plans for haircut,” assured Sfeir after the meeting.
According to information obtained by LBCI, it was agreed during the meeting to make a substantial reduction in interest rate in general, i.e. on deposits and loans, which will contribute to bettering the economy, help borrowers and reduce the burden on public finances.
A grinding liquidity crunch has hit Lebanon, where unprecedented protests since October 17 have railed against the political class and a deepening economic crisis.
Since September, banks have restricted the amount of dollars that can be withdrawn or transferred abroad.
Although no formal policy is in place, most have arbitrarily capped withdrawals at around $1,000 a month, while others have imposed tighter restrictions.
31 January 2020, 14:53
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The State of Hezbollah: Hezbollah asks its members and followers to boycott a restaurant for not agreeing to refer a commercial dispute the restaurant has with one of its members to Hezbollah judiciary.
بالوثائق: حزب الله يقاطع “مرجوحة” لرفضه التحاكم أمام قضائه
https://www.lebanese-forces.com/2020/01/31/law-marjouha/
31 January 2020, 17:23
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هذه قصة «زوجة المسؤول».. نشرت صور خاصة لسليماني فعاقبها «حزب الله»
كان اللافت، صدور قرار عن الجهات القضائية في حزب الله بتاريخ 7/1/2020 بحق الحجة إيمان زوجة مسؤول وحدة النقل في “حزب الله” المليونير جعفر قصير”، وهي صاحبة مطعم “مرجوحة” بفرعيه الحدث وصور، بمنع عناصر التنظيم ومسؤوليه ومؤسساته من التعامل مع المطعم، وذلك بسبب رفضها الاحتكام الى قضاء الحزب ولجوئها الى قضاء الدولة اللبنانية في قضية مالية طرفها الثاني أحد المقربين من الأمين العام، وذلك تحت طائلة اتخاذ الاجراءات التنظيمية بحقهم الى ان تتنازل صاحبة الدعوى عنها.
https://janoubia.com/2020/01/31/هذه-قصة-زوجة-المسؤول-نشرت-صور-خاصة-ل/
31 January 2020, 17:05
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Dudes.. have you noticed.. how his nose grows whenever he speaks.. #Pinocchio...
31 January 2020, 17:12
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Head of the Association of Banks in Lebanon Salim Sfeir is to be commended for comforting thousands of virile young men who regularly penetrate blablablablablabla's deep and wide luv tunnel regarding their deposits.
31 January 2020, 17:14
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Salim Sfeir who assured that bank deposits are safe and there are no plans to impose haircut on deposits.
He himself needs a haircut though ( pun intended ).
31 January 2020, 18:28
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So, all of these politically appointed talking heads are saying the same thing---I say it is time to panic. It is not in their (or our) best interest for banks to fail, so they are putting on a brave face and trying to remain stoic.
Let's put these guys under a lie detector and see if we get different results than what they are currently saying.
