Central Bank Governor Riad Salameh during a press conference at the bank's headquarters. (The Daily Star/Mohammad Azakir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Central Bank Governor Riad Salameh warned Tuesday that failing to comply with U.S. law targeting Hezbollah's finances could isolate Lebanese banks from international markets.Salameh made the remarks in a statement in response to Hezbollah's criticism of the new Central Bank circular which set the conditions for freezing suspicious bank accounts belonging to the party. There were also reports that some banks have closed the accounts of two Hezbollah MPs.Some Lebanese parties blasted Hezbollah's attacks against the banking sector.The statement also clarified some the procedures applied by the Central Bank.The justification must include the account movement [frequency/significance]," Salameh said.He added that the bank must wait for the SIC response before closing the account.
Reforms key to averting negative economic growth
Obegi proposes using gold as collateral
Salameh: No haircut, capital control by BDL
FOLLOW THIS ARTICLE