Demonstrators protests against Lebanese capital control law ...Kuwait

The New Arab - News
Demonstrators protests against Lebanese capital control law
Independent MPs and Lebanese civil society warned on Thursday that the current version of the capital control law put in front of parliament could be used by banks to evade accountability for their alleged role in the 2019 financial meltdown. The IMF has long requested the capital control law as part of a package of reforms it says is needed for Lebanon to unlock international aid, including US$3 billion from the IMF itself. The purpose of the law was to create legal regulation around the freezing of Lebanese bank accounts to protect depositors and prevent the outflow of money from the country. Lebanese banks froze the accounts of millions of small and medium deposito

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