Economy Today:

 

 After a two-week suspension, Lebanese banks have reopened, with Lebanese banking sources showing that Lebanon's banks will seek to stop capital flight.

 

Lebanese analysts and bankers expressed deep concern over depositors' scramble to withdraw their savings or transfer them abroad as banks resume operations, despite the Central Bank of Lebanon's pledge not to impose restrictions on capital movements because more than seven banking sources, according to Reuters, said In this policy, Riyad Salama left commercial banks the right to decide on individual policies that may make it more difficult to transfer funds abroad or convert them into a foreign currency and reduce the attractiveness of withdrawing savings, saying that they will only allow transfers abroad in cases such as private payments. Children for health care, or repayment of those loans.

 

"Remittances will be 'important and fundamental issues'," one of the sources told Reuters, adding that the situation would be reconsidered on Monday. Other sources confirmed to banks that the decision would be made on who would be allowed to transfer funds abroad depending on the situation of each client.

 

Syrian depositors in the Lebanese banks said that they started imposing restrictions on withdrawing deposits from them and that the withdrawal is in Lebanese pounds and not in dollars or foreign currencies and with a fixed ceiling for daily and monthly withdrawals. In lira and not in dollars.

 

Calls to the Central Bank of Syria from economic experts to put advantages and encourage the Syrian money to return to the Syrian banks, but businessmen did not respond to it, as the Central Bank did not provide something remarkable during the last period.