Lawyers for 11 Lebanese banks filed a memorandum on Tuesday, calling on the Ministry of Finance to compel the Lebanese State to immediately pay the Central Bank (BDL) the sums it owes. The banks are taking this action because they are BDL creditors and are wronged by its inability to demand repayment of the Lebanese State’s debts.
The State must therefore pay the sums it has borrowed from the BDL and cover all the losses that appear in the Central Bank’s budget deficit following the rectifications made by Alvarez & Marsal in its report.
