1 Day
Source:
الشرق اللبنانية
National Initiative Proposes Monetary Council
The National Initiative for Monetary Stability discussed with economic entities the establishment of a Central Bank Council in Lebanon aimed at enhancing financial and monetary stability. The council proposes implementing binding monetary rules, ensuring the total money supply is fully backed by foreign reserves, and refraining from financing the state's deficits through monetary issuance—to enforce monetary discipline, strengthen the Lebanese pound, and support economic recovery. Experts emphasize that while the council does not replace comprehensive financial and monetary reforms, it creates a stable environment that facilitates addressing these issues. It is hoped that this will contribute to building economic resilience and guiding Lebanon toward lasting stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)