Aoun and Saïd Examine Financial Situation

Lebanese President Joseph Aoun and Banque du Liban Governor Karim Swaïd discussed the monetary and financial situation in Lebanon. Both emphasized the importance of maintaining monetary stability and enhancing coordination between the central bank and the government to ensure the proper functioning of public services. They also discussed Banque du Liban's implementation of deposit repayment mechanisms in accordance with current circulars, aiming to protect depositors' rights within legal and regulatory frameworks. Swaïd briefed the President on the progress of financial reforms, especially the draft law on bank restructuring, which is expected to be discussed and approved by parliamentary committees early next week, with a final vote in the plenary session of the Council scheduled soon.

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