BEIRUT (Reuters) - Lebanon's central bank, seeking to shore up battered confidence in the financial system amid the worst economic crisis in decades, said on Monday bank deposits are secure and it had the ability to preserve the stability of the pegged Lebanese pound.
In a televised news conference, governor Riad Salameh said capital controls were not on the table because Lebanon depended on free movement of money, adding that the central bank had taken steps to safeguard deposits and there would be no haircut.
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