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Lebanon’s President Calls for Banking Reforms After Central Bank Governor’s Bangkok Briefing

Beirut:Lebanon's Central Bank Governor, Karim Souaid, recently updated President Joseph Aoun on the results of his meetings in Bangkok, conducted during the annual gatherings of the International Monetary Fund (IMF).

According to National news agency - Lebanon, these discussions involved top officials from the International Monetary Fund, the Arab Monetary Fund, and the US Federal Reserve, along with various central bank governors from Arab nations.

Souaid also provided insights to President Aoun regarding Lebanon's current monetary and financial status, emphasizing the actions being taken by Banque du Liban to ensure monetary stability. Additionally, he shared plans for his forthcoming visit to France, where he intends to engage with high-ranking French financial officials and participate in discussions related to the Group of Seven (G7), centering on the battle against money laundering and terrorist financing.

During the briefing, President Aoun highlighted the necessity of maintaining monetary stability, advocating for progress in banking sector reforms, and underscoring the protection of depositors' rights.