Fall meetings approached and proposed the gardener to return deposits, suspended by parliament

Sabine Owais wrote in “Al -Nahar”: The annual autumn meetings of the International Monetary Fund are close to the Lebanese authorities, and the progress of the progress, on the basis of which the fate of the upcoming program will be crystallized with the fund.

Perhaps the most prominent steps that still constitute the axis or essence of attention lies in the approval of the law filling the financial gap, or what is known as the restoration of financial regularity.
Until now, the Ministry of Finance in charge of this task has not completed the project, knowing that the Minister of Finance Yassin Jaber had revealed that work is underway between the government and the Ministry of Finance and the Central Bank on the completion of the law, knowing that the past few weeks witnessed the tension of ropes between the ministry and the central bank on this issue on the basis that the ministry expects the central bank to put the project, while the ruler considers his opinion as a consultant. On the other hand, information was reported that there is a project that is being worked on in a consulting team coordinating with Baabda Palace, in exchange for information that the IMF helps in its role in preparing the project, in order to accelerate its approval before the end of the year, which is the deadline that the representatives of the fund consider to be the last before entering the country in the fever and preoccupation with the parliamentary elections. While waiting for government and representative positions to crystallize this issue, MP Farid Al -Bustani continues to move on the proposal of the law that he had submitted months ago under the name “Protecting deposits in foreign currencies suspended in banks operating in Lebanon and re -regularity in the work of the financial and banking sectors in Lebanon”, and through which he aims to “find a solution to the state to re -form the capital of the Bank of Lebanon and move the economic wheel and ensure a right The depositors not to cancel or deduct any bank deposit or deduction from its value and prevent its replacement with shares, “according to what the proposal owner said. Al -Bustani had received a support dose of his suggestion from the “Lebanese Expatriate Depositors Union” in light of the union’s warning that “failure to reach a solution during the next three months will expose deposits at the risk of complete deletion.” In clarifying the path of the proposal in Parliament, he learned that he was distributed to the deputies, but was not included on the agenda of the Finance and Budget Committee yet, according to a representative source. The project suggests that the payments for depositors come equal over a period of 6 years, or 10 percent, the first two years, then 15 percent for the following two years, in 25 percent for the fourth and fifth years, with the possibility of paying a maximum of a third of the total monthly payments per year in the Lebanese currency on the market exchange rate of its history, provided that the bank or the financial institution abstaining from implementing the law is considered a verdict of payment.