Lebanon: Lebanon's cabinet approved a draft law that would regulate the return of bank losses. Lebanon's Prime Minister Nawaf Salam said in a statement that depositors who had less than $100,000 shall get all their money back over four years. He noted that this segment represents 85% of all depositors.
According to Qatar News Agency, the Prime Minister added that other depositors shall also get their money back, but not at the same speed. They would initially get the $100,000 back, with the rest covered through tradable bonds backed by Central Bank assets. Those depositors will be able to reclaim 2% of the bonds' value each year.