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Lebanon Central Bank: Deposits are Safe, Banks to Review Curbs

Reuters

   BEIRUT - Lebanon's central bank, seeking to shore up battered
   confidence in the financial system amid the worst economic crisis in
   decades, said on Monday bank deposits are secure and it had the ability
   to preserve the stability of the pegged Lebanese pound.

   In a televised news conference, governor, Riad Salameh, said capital
   controls were not on the table because Lebanon depended on free
   movement of money, adding that the central bank had taken steps to
   safeguard deposits and there would be no haircut.

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