Kanaan: Capital Control is superior to any circular from the Banque du Liban

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The head of the Finance and Budget Committee, MP Ibrahim Kanaan, announced in an interview with lbci station, that “Capital Control is superior to any circular from the Banque du Liban, and cooperation and serious work is required to take this legislation its course of implementation.”

He added: “As long as there is a parliamentary will decisively, nothing will fly Capital Control, and the message is clear that the rights of depositors must be guaranteed by legislation. There is an interest for Lebanon and depositors to approve Capital Control and to prevent discretionary transfers and withdrawals.”

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