Foreign Policy magazine says $ 6 billion has been illegally transferred out of Lebanon in recent months , following pressure from politicians on local banking establishments, despite the introduction of informal capital controls in November 2019. These figures confirm the estimates already present for a few months. Indeed, some observers noted that 12 billion dollars were thus transferred abroad in 2020 while the subsidy program for the purchase of basic necessities is estimated at only 6 billion dollars. A banker who spoke to Foreign Policy on condition of anonymity admitted that the wealthy used their political connections to transfer their money overseas. \u201cThe banks imposed strict capital controls in an attempt to stop the financial collapse,\u201d the banker said. \u201cHowever, the political and wealthy elite put more pressure on the banks to transfer money overseas. In the absence of a capital control law, these transfers are not illegal, but in many ways they are immoral and wrong. Such incidents have occurred in most banks and generally with intense pressure on the management of the bank. " According to a source from Foreign Policy, these transfers for the benefit of political figures impose additional pressure on the Lebanese pound and therefore degrades the value of the parity of the Lebanese pound against the dollars to the detriment of small depositors and the middle class while preserving deposits from major depositors. The authors also note that the Lebanese economy is made up of monopolies enjoying subsidies from the Bank of Lebanon, as one of the speakers who noted that even Viagra is subsidized while part of the fuel, also subsidized, is exported to Syria. Thus the Bank of Lebanon's subsidy program does not benefit the most vulnerable populations but certain private interests.