Central Bank Chief on Deposits and Lebanon's Gold
The Lebanese government revealed that the total amount of bank deposits and amounts owed to depositors is approximately $79.5 billion, while cumulative payments based on circulars have reached around $6.1 billion. Additionally, Lebanon’s Central Bank Governor, Riad Salameh, indicated that the Financial Gap Law may require six to eight months for approval, despite some reservations from the bank and the International Monetary Fund. He also emphasized that selling gold remains a possible option if the bank is unable to meet its obligations to depositors, clarifying that gold is not intended for funding the state or banks. Furthermore, he noted that the current exchange rate remains stable, and that removing zeros is not a priority under current circumstances.
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