Lebanon’s Central Bank Governor Riad Salameh said that depositors will receive $50,000 in cash from their savings by the end of June, reassuring investors their money was safe. Salameh made the surprise announcement during a televised interview Monday evening, where he said the initiative aimed at easing the burden on Lebanese whose foreign currency savings are stuck in Lebanese banks. "The main goal today is to preserve the depositors' money by preserving the banks (from) bankruptcy. As long as there is a (functioning) banking system, the money is present," Salameh said, as he pointed out that $30 billion were withdrawn from all currencies between October 2019 till pr
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