{"id":49778,"date":"2019-11-10T13:04:49","date_gmt":"2019-11-10T05:04:49","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=49778"},"modified":"2019-11-10T13:08:28","modified_gmt":"2019-11-10T05:08:28","slug":"lebanese-official-ensures-security-of-deposits-in-banks","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=49778","title":{"rendered":"Lebanese Official Ensures Security Of Deposits In Banks"},"content":{"rendered":"\n<p>BEIRUT, Nov 10 (NNN-NNA) &#8211; Salim Sfeir, head of the Association of Lebanese Banks, assured that depositors&#8217; money is secure, said a statement by the association.<\/p>\n\n\n\n<p>&#8220;Depositors&#8217; money is secure and what is happening in the country has nothing to do with problems related to banks&#8217; liquidity. There is no need to panic,&#8221; Sfeir said.<\/p>\n\n\n\n<p>Sfeir&#8217;s remarks came, following a financial meeting held at Baabda Palace, in attendance of President Michel Aoun, Central Bank Governor, Riad Salameh, in addition to the economy and finance ministers.<\/p>\n\n\n\n<p>Sfeir said, the central bank&#8217;s governor will make efforts to secure money for depositors, especially those with small accounts.<\/p>\n\n\n\n<p>He also assured that Salameh will continue to take the necessary measures, to preserve economic and monetary stability and the proper functioning of the banking system in the country.<\/p>\n\n\n\n<p>A shortage in the U.S. dollar lately, caused by the economic slowdown and the drop in cash injections from Lebanese abroad, reduced the central bank&#8217;s foreign currency reserves.<\/p>\n\n\n\n<p>Hence, the demand for dollar has created a parallel market, in which a dollar is selling on the black market at more than 1,600 Lebanese pounds, which is higher than the official exchange rate.&#8211; NNN-NNA  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIRUT, Nov 10 (NNN-NNA) &#8211; Salim Sfeir, head of the Association of Lebanese Banks, assured that depositors&#8217; money is secure, said a statement by the association. &#8220;Depositors&#8217; money is secure and what is happening in the country has nothing to do with problems related to banks&#8217; liquidity. There is no need to panic,&#8221; Sfeir said. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":49780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[208,300,217],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/49778"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49778"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/49778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/49780"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49778"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}