BEIRUT, Dec 22 – Lebanese Prime Minister Nawaf Salam urged cabinet to swiftly approve a draft law allowing depositors to gradually recover funds frozen in the banking system since a financial collapse in 2019, a move critical to reviving the economy.The collapse – the result of decades of unsustainable financial policies, waste and corruption – led the state to default on its sovereign debt and sank the Lebanese pound.
BEIRUT, Dec 22 – Lebanese Prime Minister Nawaf Salam urged cabinet to swiftly approve a draft law allowing depositors to gradually recover funds frozen in the banking system since a financial collapse in 2019, a move critical to reviving the economy…. [3730 chars]
Source: Al-Monitor | Published: 2025-12-22T18:19:41Z
Credit: Al-Monitor
