Lebanon’s House Speaker warns against confiscating depositors’ money in Lebanese banks

Lebanese House Speaker Nabih Berri warned on Friday against any attempts to confiscate people’s savings in Lebanese banks, the National News Agency reported.

“People’s deposits are sacred and a legitimate right for their owners. We will fight without hesitation any attempts to confiscate this money,” Berri said in a speech delivered on the occasion of Liberation Day.

Berri assured that citizens should not fall victim to the corrupted political system in Lebanon.

Lebanon has been suffering from a lack in foreign reserves in the country which prompted banks to impose unofficial restrictions on people’s withdrawals of money from their accounts.

This has created fear among depositors about the future of savings.