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Syria-Lebanon-Iran

Report: Syrian Bank Deposits Being Moved to Lebanese Banks

2011-08-20

[An Nahar] Syrian banking deposits are being withdrawn from the Arab country, with some of them being placed in Lebanese banks, reported Robert Fisk in The Independent on Friday.

He said: "The real fear for Syrian President-for-Life Bashir Pencilneck

al-Assad
One of the last of the old-fashioned hereditary iron-fisted fascist dictators. Before going into the family business Pencilneck was an eye doctor...
is not oil sanctions, but banks."

He explained that Assad is concerned with the £12 billion in foreign reserves that used to be in the Syrian Central Bank in February.

This sum is now being reduced by as much as £50 million a week, said Fisk.

This prompted Syria to turn to cheap Iraqi oil to tackle the demand, he added.

"Nearly 10 percent of Syria's banking deposits disappeared in the first four months of 2011; £1.8bn was withdrawn, some of it ending up in Lebanese banks," he stated.

Posted by:Fred

#3 ...reported Robert Fisk in The Independent on Friday.

Isn't he due for a beating by the locals?

Posted by: Raj 2011-08-20 10:09

#2 Assad is concerned with the £12 billion in foreign reserves that used to be in the Syrian Central Bank in February.

You can learn a lot by just reading.

Mistakes were made, the 12 billion used to be in the Syrian Central Bank, but not currently.

The truth is plain, all we gotta do is figure out which novel this is, Rabbit Run or Rabbit is Dead.

Posted by: S 2011-08-20 00:50

#1 because historical safety of Leb's banks?.. like this case: "The British Bank of the Middle East in January 1976 in Beirut £25 million the equivalent of £100 million today. This bank robbery was executed by the PLO."

Posted by: Water Modem 2011-08-20 00:13

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