Is the ceiling of clouds raised 158 and 166 before the end of the year?

“Libyan Dibit” – Basma Atwi

Crossed banking sources suggest that “Liban Dibitte” will increase the “Bank of Lebanon to raise the ceiling of circular withdrawals 158 and 166 during the next period and before the end of the current year, and that the central officials are studying the rate The financial gap, due to the dispute between the Ministry of Finance and the Bank of Lebanon on the amount of 16 billion and 500 million dollars, which the central considers a debt on the state, and the last denies this, “noting that” it is true that a dialogue takes place between the two sides on this issue, but there are no signs of a breakthrough around it, but rather it is like a cooking with a quota that is likely to delay the issuance of the financial gap law. “

Gabriel: Talking about raising the ceiling of circulars media pressure on the central

In exchange for these weightings, there are those who refuse to link between the delay in the completion of the gap law with raising the ceiling of circulatory withdrawals. In this context, the head of the Research Center at Peblos Bank, Nassib Gabriel, explains to “Libanon Deepite” that “there are many news that is released on this issue and is frequent and without real data, and recently it is promoted that the ceiling of the withdrawals will be raised, because there is a delay in approving the financial gap law until after the upcoming parliamentary elections.”

He adds: “The government of President Tammam Salam is trying to complete the financial gap project and set a framework for it before the end of the current year, and transfer it to the House of Representatives to start its studies next year, and the goal is to put the day in its stadium, that is, the law becomes in the custody of the parliamentary committees to study and approve it,” expecting that “a lifting of the roof of the withdrawals in the current stage, without there being an integrated and comprehensive solution to determine the fate of the deposits.

In the previous stage, the Bank of Lebanon raised the exceptional withdrawals due to the Israeli war, after which he later installed these ceilings to become $ 800 for the beneficiaries of the circular 158 and 400 dollars to the beneficiaries of the circular 166 ″, and believes that “the Bank of Lebanon will not make removed decisions, because it works to complete an integrated solution and its goal is to return all deposits to all deposits in one way or another starting from small deposits.”

Gabriel puts “talking about raising the roof of the withdrawals is a media pressure on the central, with the aim of urging him to raise the ceiling of the withdrawals, but this matter will not work, because the decision is taken isolated from everything that is going on outside the Bank of Lebanon, and according to his ability to cover, and he did not happen that he was subjected to whether with the current ruler or the era of the ruler, Wasim Mansouri, for media pressures to save a specific decision in the circulars or publish leaks A prior journalist before the circular was issued. Personally, I hope to raise the ceiling of the withdrawals, but the best day is waiting for what the Bank of Lebanon will do and anything else that is not built on. ”

On the question about the central ability of the central to cover the cost of circulars in the event of its lifting, Gabriel answers: “The Bank of Lebanon alone is able to answer this question, and the Central Council when it was previously taken to raise the roof of the withdrawals, he studied the capabilities of the central and when the circulars were issued, this was done based on an in -depth study, for the capabilities available to it and the banks.”

He concludes: “The Central decisions are taken based on a study and not randomly (capabilities/ number of accounts eligible to benefit from these circulars/ the volume of liquidity that will be withdrawn and costly), and until today 4 billion dollars was withdrawn, as a result of these circulars since June 2021 date of issuing a circular 158 to June 2025 ″.

The post Is the ceiling of clouds raised 158 and 166 before the end of the year? APPEROD First on 961 tobay Lebanon today.