"These numbers show without a doubt that the banks have no liquidity," wrote Fadi Khalaf, the secretary general of the Association of the Banks of Lebanon (ABL). (Reporting by Maya Gebeily Editing by Peter Graff)
BEIRUT, March 8 (Reuters) - Lebanon's commercial banks
do not have enough liquidity to pay back depositors, the head of
the country's banking association said on Tuesday in a letter
that laid out the banks' positions.
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