Comments on new Capital Control Draft Law

May 28, 2020

Kulluna Irada issued its comments on the capital controls draft law that was included in the Parliament's legislative session agenda. 

While the organization was among the first who have stressed, since October 17, 2019, on the urgent need of a capital control law, we think that the one presented still lacks the essential: stating what our reserves are and putting a priority list on imports in order to safeguard the essential survival needs of the Lebanese people.

Anything short of putting a priority list and ensuring equal treatment of Lebanese citizens does not serve the purpose. 

Full text available below for download as pdf (In Arabic).

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Lebanon Crisis

As Lebanon is facing an economic, monetary, financial, banking, and social crisis, Kulluna Irada seeks to promote the swift development of a rescue plan, based on the principles of social justice and economic efficiency.

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