The Banque du Liban denies lifting “comprehensive support” for basic commodities
Thursday – 21 Safar 1442 AH – 08 October 2020 AD Issue No. [
15290]
Beirut: “Asharq Al-Awsat”
The governor of the Banque du Liban, Riad Salameh, said that there are many fallacies in talking about lifting all subsidies on consumer goods, and “we will continue to carry out our duties in a manner that does not contradict the laws.”
Salameh’s positions came during his meeting with the Executive Council of the Federation of Bank Employees’ Syndicates, where he briefed him on the Union’s viewpoint regarding the circular issued by the Banque du Liban No. 154, which the Council considers the introduction to the revitalization of the banking sector, which stipulates that banks urge their clients to return 15 percent of their transfers and status. In a frozen account.
Regarding the issue of reducing the number of employment in banks due to the current circumstances, the Council pointed out that it emphasized to the safety “the necessity for bank administrations to adhere to the legal principles when implementing the termination of their employees’ contracts, ”stressing that“ the compensation to be paid to the expatriates must be commensurate with the difficult living and social reality, as they were informed. Ruling on the reality of working in the Mutual Fund for Bank Employees ».
The statement pointed out that «the ruler was understanding of the Union’s demands, especially with regard to the issue of exchange in the banking sector», and promised to “follow up the file of the Mutual Fund for Bank Employees,” and stressed that “the application of Circular No. 154 is an urgent necessity to re-energize the banking sector.” He affirmed his keenness to “secure all the life necessities for citizens within the capabilities of the Central Bank of Lebanon”, noting that “the lifting of comprehensive support for necessities (fuel, flour, medicines and foodstuffs) contains many fallacies and the Bank of Lebanon will continue to carry out its duties on this level without contradicting it. With the laws ».
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