14 Hrs
Source:
الشرق اللبنانية
Source: الشرق اللبنانية
14 Hrsالشرق اللبنانية
Source: الشرق اللبنانية
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An international seminar, sponsored by Banque du Liban Governor Riad Salameh, discussed the possibility of adopting a “Monetary Council” system in Lebanon to strengthen financial and monetary stability. Experts noted that this system links currency issuance to foreign exchange reserves, thereby limiting the government's ability to finance deficits and making discretionary interventions in the currency market more difficult. They considered that this structural reform, supported by clear standards, could enhance confidence, reduce inflation, and encourage the restoration of deposits and foreign investments, drawing on the experiences of countries like Hong Kong. They emphasized that the greatest challenge lies in achieving political consensus for its implementation, rather than in the technical or legal aspects.
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