Banks to ease capital control measures
- After meeting with the Central Bank Governor Riyad Salameh on Wednesday, the Association of Banks in Lebanon (ABL) announced Thursday that banks will ease the informal capital control measures that have been taken since the start of the revolution.
- As of next week, customers are expected to be allowed to withdraw cash amounts of up to 25 million LBP per month and conduct ‘necessary’ international transfers of up to 50,000 USD per year. The head of ABL justified the prior measures as “temporary,” calling them “exceptional measures in times of crisis.” Salameh also echoed this view in an extended televised interview with France 24.
- Packages of Lebanese currency arrived Thursday to Beirut Rafik Hariri airport on board Middle East Airlines and were delivered to the Central Bank.
106 days since October 17: arrests intensify and protests continue
- In Zahle, protesters raised their voices outside the justice palace, demanding an independent judiciary and the return of stolen funds.
- In Tripoli demonstrators in front of the Internal Security office voiced solidarity with activist Linda Makari, who was interrogated on alleged charges of funding the transportation of protesters from the northern city to Beirut. They also denounced the arrest of activist Rabih El Zein a day before.
- In Beirut, a protest in front of the municipality took place to denounce the parliamentary committee for telecommunications meeting with Justice Zeinab Hamoud, whom protesters accused of Corruption.
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