November 11, 2019 / 11:19 AM / a month ago

Lebanon's c.bank says deposits secure, will preserve stable pound

BEIRUT, Nov 11 (Reuters) - Lebanese central bank governor Riad Salameh said on Monday bank deposits are secure and it had the capabilities to preserve the stability of the exchange rate of the pegged Lebanese pound.

In a televised news conference, Salameh said the central bank had taken measures to safeguard deposits. Capital controls were not on the table because Lebanon depended on free movement of money, he added.

Writing by Tom Perry; Editing by Bill Maclean

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