Insurance companies are obligated to accept the payment of benefits in Lebanese pounds and at the official exchange rate

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The campaign defending the depositors considered that what is being deliberated on the decision of insurance companies to stop accepting payment of insurance dues on the official exchange rate of 1515 to the dollar, is considered a violation of the law if applied. “

The campaign saw that insurance companies dare to violate the law, which is an inevitable result of arbitrary circulars made by the Governor of the Bank of Lebanon, which they issue in retail, in the absence of a clear monetary, financial and economic policy, noting that “insurance companies are obligated to accept the payment of benefits with The Lebanese pound and the official exchange rate, and we call on the owners of insurance policies to refuse to pay in this way, and to prosecute companies that refuse to accept the payment in Lebanese pounds and the official exchange rate, and to communicate with the campaign on the hotline for assistance.

The campaign emphasized, “I announce the violation of laws, and the exploitation of the influence of the power of banks and money, to reflect on the impoverishment of the people.”







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