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BIFANI ACCUSES LEBANESE BANKERS FOR SMUGGLING
The former General Director of Public Finance Alain Bifani accuses Lebanese bankers for smuggling $ 6 billion in Lebanon since October by using legal gaps.
Yazar: Tom Roberts
Yayınlanma: 14 Temmuz 2020 19:27
Güncellenme: 24 Aralık 2024 06:50
BIFANI ACCUSES LEBANESE BANKERS FOR SMUGGLING
Bifani accuses Lebanese bankers for smuggling up to $6bn out of Lebanon since October. Lebanon has a serious economic crisis. Alain Bifani, General Director of Public Finance, resigned two weeks ago. According to the report in the Financial Times, Bifani made important claims about his country. The former director said bankers have been smuggling $ 6 billion in Lebanon since October by using legal gaps. Alain Bifani, who left his position to protest the government, made serious criticism. Bifani said, “Politicians and bankers have no losses by benefiting from the system. Ordinary Lebanese citizens pay heavy prices. ”
BANKS HAVE BROUGHT RESTRICTIONS
Saying that he is evaluating the information from the banking authority, Bifani added, "The banks, which did not allow depositors to withdraw even $ 100, smuggled money between 5.5 and 6 billion dollars."
The crisis caused banks to set unusual rules in October. Accordingly, depositors can withdraw less than $ 200 every two weeks and are not allowed to transfer money abroad. These restrictions are not based on the government, but on the decisions taken by banks themselves.
Despite these measures, according to the data of the Lebanese Central Bank, the foreign currency deposits, which were 82 billion dollars in October, decreased to 71 billion dollars in May. According to the Director of the Central Bank, Riad Salame, the reason for this decrease is the payment of local loans.
Bifani compares the current situation with the Lebanese Civil War, which began in 1975 and lasted 15 years.
PEOPLE FACING STARVATION
In March, $ 90 billion of public debt in Lebanon fell into default. The country's gross domestic product is expected to decrease by 13.8 percent this year. The Lebanese Lira lost 80 percent in the black market. Inflation has reached 56 percent. Millions of people face hunger threats due to the economic crisis and corona virus outbreak in the country.İLGİLİ HABERLER
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