House Approves Banking Reform Law
The Lebanese Parliament approved a law to reform the banking sector, including amendments proposed by Finance Minister Yasin Jaber, aimed at organizing the financial sector and achieving economic stability in the country. This was done within the framework of a draft law under Decree No. 6503, following extensive discussions by the Finance and Budget Committee, resulting in significant changes to enhance transparency and reorganize the banks. This step is part of the government's efforts to reform the banking industry and boost economic confidence, with expectations that these reforms will have a major impact on Lebanon's economic future.
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