A former Lebanese financial official said that Lebanese banks have smuggled about $ 6 billion since last October; Although overseas transfers are withheld.
According to Arabia Net, Alan Biffani, who resigned as the director general of the Lebanese Ministry of Finance two weeks ago, told the Financial Times that between 5.5 billion and six billion dollars had been spent Smuggled out of the country by bankers (do not allow) the depositor to withdraw 100 dollars.
He added that this evaluation is based on his understanding of banking sector data and consultations with the Banking Supervision Authority.
Banks imposed severe restrictions from late 2019 after a financial meltdown caused a tightening of the dollar, pushed prices higher, and fueled the turmoil.
The banks have come under criticism for freezing people's savings after using their deposits to finance the heavily indebted country.
No comment has been made yet from the Association of Banks in Lebanon or the Ministry of Finance.
Biffani, who held his senior position in the Ministry for 20 years, was the second member to resign from the Lebanese negotiating team with the International Monetary Fund. Biffany held the private interests responsible for undermining the government's economic rescue plan, without giving any names.
In the interview, he accused politicians and bankers of trying to benefit from the system without incurring the slightest loss while making the Lebanese pay the price of the collapse.
The IMF talks that started in May due to a dispute between the government and the central bank have stalled over the size of the losses in the financial system and how they are distributed.
(Amazon fun of knowledge)
