If this plan is approved on this basis, there will be a big problem. We expressed this before the MPs and informed them that we will resort to daily moves if it is approved.
If the increase is paid via card, that is not the core of the problem, because the depositor can use it in supermarkets, pharmacies and elsewhere. But the big problem is that these amounts be deducted from the first $100,000 the depositor is supposed to receive in cash.
We heard that the $200 increase in withdrawals may be conditional on deducting these amounts from the first $100,000 to be paid to depositors, but we informed the MPs that this is rejected, because we are working to raise the $100,000 ceiling so that it is the first payment to depositors in cash, not to have it reduced.
Banque du Liban is studying the possibility of increasing monthly payments to depositors benefiting from Circulars 158 and 166: a $200 increase for the first, raising the payment t…