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Abdallah: We will witness an unprecedented social deadlock

MP Bilal Abdallah tweeted today on the Central Bank’s recent decision to pay depositors $400 in fresh currency and their equivalence in Lebanese pounds, saying: “This sudden generosity of the Central Bank and the banks, by liberating a portion of the depositors’ money in hard currency, regardless of the fact that it races the attempt of the Finance and Budget Committee in Parliament to produce an objective capital control, actually reflects the tendency to raise subsidy entirely, and perhaps on all commodities…We will witness an unprecedented social deadlock.”

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