President Aoun Engages in Talks with Central Bank Governor on Financial Policies

Baabda:President of the Republic, General Joseph Aoun, held discussions with Lebanon's Central Bank Governor, Karim Souaid, at Baabda Palace. The talks focused on monetary policy, financial stability, and a draft law concerning the recovery of deposits. These discussions are part of ongoing consultations between the Central Bank, the government, and international bodies such as the International Monetary Fund and commercial banks.

According to National news agency - Lebanon, the discussions aim to finalize an agreement on the Financial Stability and Deposits Recovery Law. This law is particularly significant for restructuring the banking sector and ensuring the return of deposits to their rightful owners.

Governor Souaid briefed President Aoun on his recent engagements in Paris, where he met with representatives from the French Central Bank and participated in Group of Seven discussions. These discussions addressed issues such as combating terrorist financing and enhancing financial integrity.

Additionally, Governor Souaid informed the President about his upcoming official visit to the United States. During this visit, he plans to consult with the US Treasury Department, the International Monetary Fund, and authorities involved in preventing financial crimes. These efforts are part of a broader initiative to rebuild international confidence in Lebanon and fully reintegrate the country into the global financial system.

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