November 11, 2019 / 1:26 PM / in 3 months

Lebanese banks hope for positive impact from statements

BEIRUT, Nov 11 (Reuters) - Lebanese banks welcomed statements from central bank governor Riad Salameh on Monday, expressing hope these would have a positive impact on banking operations, particularly his assurances about protecting deposits and the stability of the Lebanese pound.

The banks also welcomed Salameh’s instructions “regarding transfers abroad, and that these must be linked to people’s essential needs”, the Association of Banks in Lebanon said in a statement.

Writing by Tom Perry; Editing by Alex Richardson

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