Source: Kataeb.org
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Real Madrid Launch Investigation into Racist Insults After El Clasico Defeat
Real Madrid has launched an investigation into racist insults directed at players during Saturday’s 4-0 home loss to Barcelona in LaLiga, it said on Sunday.
Monday, October 28, 2024
Friday 29 September 2023 15:51:31
Mansouri Says Central Bank Cannot Replace State To Resolve Lebanon’s Financial Crisis
Acting Governor of the Lebanese Central Bank, Wassim Mansouri, on Friday gave a briefing on the condition of banks in Lebanon.
“The Central Bank has issued Circular 158, which is practically effective,” Mansouri said, adding that he has recently issued a clarification about this circular to explain the mechanism of withdrawals for depositors.
“This circular, like all circulars, is not ideal, and there are certainly criticisms from various sides,” Mansouri added, based on the reviews he has been receiving.
Mansouri’s briefing came during a meeting with head of the Editors’ Syndicate, Joseph al-Kosseifi, to whom he noted that "the Central Bank cannot replace the entire Lebanese state to resolve the Lebanese financial crisis,” adding that according to the World Bank, the Lebanese economic crisis is unprecedented in the world’s new history.
“Doesn't a crisis like the one we are experiencing today deserve all the Lebanese politicians’ efforts to solve it?” Mansouri wondered.
“Therefore, I’ve said and I repeat that the reserves of the Central Bank cannot be touched starting August 1, 2023, and onwards. Is the existing reserve in the bank today sufficient to solve the depositors' problem in Lebanon? The answer is negative. The reserve cannot solve the entire problem,” he added.
“Could this reserve be a suitable basis for finding solutions? I say certainly, especially if the Central Bank's reserve is added to that of other banks through the process of restructuring the banking sector. We must develop a roadmap for a solution that can be relied on,” he explained.
He finally affirmed that the Central Bank did not have solutions to the depositors' crisis, and it “should not have solutions because it is not within its jurisdiction.”
“A financial crisis like the one we are experiencing in Lebanon requires legislation. Can the Central Bank compel the state to pay the money to depositors? Can it push banks to follow suit? I am ready to work day and night with the parliament and the government to find the required solutions,” Mansouri concluded.