Source: Kataeb.org
Security & Justice
State Action Signals Change in Tackling Longstanding Illegal Land Grabs in Jbeil District
For years, the serene villages of Jbeil's highlands have been far from peaceful. Ghabat, a Maronite village nestled between the predominantly Shiite towns of Afqa and Lassa, has become a focal point of growing tensions due to territorial disputes.
Friday, December 20, 2024
Mawlawi Ensures Strict Monitoring for Wanted Syrian Regime Figures at Beirut Airport
Caretaker Minister of Interior, Bassam Mawlawi, conducted an inspection tour of Rafic Hariri International Airport in Beirut to review the security arrangements and measures implemented by the Airport Security Apparatus ahead of the holiday season.
Thursday, December 19, 2024
Opinion
Lebanon After the Assads
The United States has important equities in Lebanon, including a desire for a generally friendly government’s economic and political stability; security cooperation; long-standing relations with the large Christian community in Lebanon and Lebanese diaspora in the United States; and ultimately peace between Israel and Lebanon within a broader regional settlement. Achieving these objectives will require navigating a tumultuous period in the country’s history following a war between Hezbollah and Israel that has devastated a large part of the country, exacerbating Lebanon’s already challenging economic conditions. But perhaps the most important dynamic will be how a likely Sunni-dominated state of uncertain composition in Syria will differ in its intentions toward Lebanon from the previous Alawite-led minoritarian Assad regime.
Thursday, December 19, 2024
Europe’s Syrian Dilemma
The news of the sudden and unexpected demise of Bashar al-Assad’s regime in Syria has met a mixed response in Europe. The jubilation that a murderous dictator and close ally of Russia and Iran has fallen is not just good for the Syrian people but serves as a morale booster for Eastern Europeans wondering whether Russia can be defeated
Wednesday, December 18, 2024
Sports
Cristiano Ronaldo Unveils New Private Jet Worth $73 Million
Cristiano Ronaldo, one of the richest global athletes, has unveiled his upgraded private jet reportedly worth $73 million. With its top-notch design, exceptional speed and range of 7500 nautical miles, the Gulfstream G650 is among the fastest jets in the world.
Monday, December 16, 2024
Guardiola Accepts Man City May Need to Sign More Players to Cope with Schedule
Manchester City manager Pep Guardiola believes he will need a bigger squad to handle soccer’s ever-expanding fixture schedule.
Saturday, December 14, 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.
