What forms will haircuts on deposits take?

As more “animated incidents” take place at banks, the only way to release the pressure valve is to allow more liberal withdrawals in Lira, which means further voluntary haircuts, validating this view.
by Dan Azzi

11 January 2020 | 15:59

Source: by Annahar

  • by Dan Azzi
  • Source: Annahar
  • Last update: 11 January 2020 | 15:59

FILE - This Tuesday, Jan. 22, 2019 file photo, a man heads to the Lebanese central bank, in Beirut, Lebanon. (AP Photo).

Anyone who’s gone to a bank recently has experienced a very unfamiliar and uncomfortable phenomenon.Banks have curtailed withdrawals, sometimes down to $200 or $300 per week. Many excuses were...
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