The IMF spokesperson said he believed the capital controls and deposit withdrawal proposals in Lebanon needed to be part of broader policy reforms.
The International Monetary Fund added: “It is not clear how the planned withdrawal of deposits will be financed given the sharp decline in foreign currencies in Lebanon in recent years.”
The Fund said that it does not see the need for Lebanon to implement the capital control law now without support or appropriate financial and other policies for the exchange rate.
in my country | BeLBaLaDy
Disclaimer The Bal Baladi website operates automatically without human intervention, and therefore all articles, news and comments published on the site are the responsibility of the owners and management of the site does not bear any moral or legal responsibility for the content of the site.
“All rights reserved to their respective owners”
Source :” Egyptian today ”