Lebanese Banks Warned Not to Fall in Trap of Syrian Regime
The Syrian Central Bank has opened an account at the Lebanese Central Bank, drawing questions on the timing of such a move, an informed source told al-Liwaa daily published Thursday.
The source said that the account was opened around ten days ago.
Although such a step is natural for Central Banks around the world, the source told al-Liwaa that it came amid deterioration in Syria’s relations with the international community and threats to impose more sanctions on it.
Foreign parties have discussed with Lebanese economists the possibility that the Assad regime would use Lebanese banks based in Syria to confront economic sanctions imposed on it, the source said.
He added that the Lebanese officials were warned “not to fall in the trap” of the Syrian authorities by allowing them to use Lebanese banks to transfer their wealth.
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