Aoun and Said Discuss Financial Stability Law and Deposit Recovery

Republic President General Joseph Aoun met with Banque du Liban Governor Karim Said to discuss monetary policy, financial stability, and ongoing consultations with the government, which the central bank communicates with continuously, as well as with the International Monetary Fund and commercial banks. The aim is to reach a consensus on the draft financial stability law and deposit recovery, particularly regarding the rehabilitation of the banking sector and returning deposits to their owners.

Said briefed the President on the results of his recent meetings in Paris with the French Central Bank and his participation in discussions within the G7 group concerning counter-terrorism financing and enhancing financial integrity.

He also informed him about his upcoming official visit to the United States later this month to hold consultations with the US Treasury Department, the International Monetary Fund, and agencies specialized in combating financial crimes, as part of efforts to restore international confidence in Lebanon and achieve its full reintegration into the global financial system.