This post is more than 14 years old
Remember that politics move quickly, and people and their opinions evolve.
Syrian Money in Lebanese Banks
September 27, 2011 · Mustapha Hamoui
Apparently our bankers are not worried:
Bankers confidentially say that most of the Syrian deposits in Lebanese banks belong to prominent businessmen and traders who are not associated with the Syrian regime, assuring that this money was deposited in Lebanon many years ago. These bankers stress that Syrian deposits represent a very small portion of the massive deposits in Lebanon and ruled out the possibility of freezing these deposits in the future.
The amount is estimated at $3.5B , which is not negligible but hardly back-breaking.
If it’s true that we have managed to keep our banks relatively free from tainted Syrian money (belonging to the ruling elites), that would be an admirable feat after all the talk of Syria wresting back control of the country through Hezbollah.