Home » financial gap law

Tag: financial gap law

Post
Lebanese Cabinet Backs Financial Gap Law To Unlock Frozen Deposits

Lebanese Cabinet Backs Financial Gap Law To Unlock Frozen Deposits

Lebanon's cabinet has approved a controversial 'financial gap' draft law that aims to share tens of billions of dollars in losses between the state, central bank, commercial banks and depositors, while gradually restoring access to frozen accounts after the 2019 financial collapse.