The Lebanese government approves the “Capital Control” bill, amid opposition from the “Shiite duo”

The Lebanese government approved a draft law regulating and restricting financial transfers (Capital Control) in its session held yesterday (Wednesday), after making amendments to it based on the observations of some ministers, despite the objection of ministers affiliated with the “Shiite duo” represented by “Amal Movement” and “Hezbollah” God.” And that was a few days after his fall in the Parliament’s Finance and Budget Committee and the demands to amend its first version.

Lebanese media quoted the duo’s ministerial sources as saying, “We rejected the Capital Control project in its current form and registered our objection due to the presence of several observations.”

And the LBC TV channel reported that the Minister of Works, Ali Hamiyah, rejected the “Capital Control Law” in its current form because it did not notice some of the essential and most important points related to depositors, meaning that “the law does not show how to preserve the rights of depositors and does not set a timetable for the details of money recovery, And the fact that the law was not related to a recovery plan,” she said, noting that Hayma “recorded his observation that the monthly withdrawal amount would not be limited to only one thousand dollars, and requested that it be taken into account.”

At the beginning of the session, Lebanese President Michel Aoun presented the results of his visit to the Vatican and Rome, and said that he had requested Pope Francis’ help “in resolving the issue of the displaced Syrians by providing assistance to the Syrians in their homes instead of helping them in Lebanon, and renewed his invitation to him to visit Lebanon.” He stressed that “it is not permissible to talk about exclusivity when raising any issue as long as each initiative will ultimately be before the Council of Ministers for discussion and then the Parliament if necessary, so no one can be alone with anything.”

In turn, Prime Minister Najib Mikati said: “Since we assumed responsibility, we are aware of the magnitude of the challenges facing us. We have huge responsibilities in stopping the collapse in the country, dealing with as many files as possible, and putting the other files on the path to a solution. “We are waiting for the completion of the agreement with the IMF,” Mikati said.

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