Salameh: JTB Legal Deposits Are Safe

  • Economics
Salameh: JTB Legal Deposits Are Safe

The Central Bank governor Riad Salameh on Friday stressed that he is following up on the Jammal trust Bank SAL case after being it was accused by U.S. Treasury’s Office of Foreign Assets Control (OFAC) of "brazenly facilitating" Hezbollah's financial activities.

Salameh told Arab Economic News that the Central Bank has a presence in ‘the said bank’ and all legal deposits are safe and guaranteed during their scheduled maturity.

“Liquidity was protected in order to meet the requirements of the bank’s depositors,” he affirmed.

Source: Kataeb.org