Beirut: Lebanese Press Syndicate Dean Aouni Kaaki, accompanied by a syndicate delegation, visited Lebanon's Central Bank Acting Governor Wassim Mansouri. Kaaki praised the performance of Governor Mansouri, acknowledging his efforts amid challenging circumstances to manage the crisis and enhance the Central Bank's assets in hard currency.
According to National News Agency - Lebanon, discussions during the meeting focused on the financial status and conditions of the Central Bank, particularly regarding solutions for depositors' funds. Mansouri emphasized his efforts to improve the Central Bank's image and noted the relief felt by the public when accurate financial figures were presented. He expressed gratitude to the press for its fair coverage of the Bank's activities.
Mansouri highlighted his shift from a long-standing policy of state reliance on Central Bank borrowing. By working with the Lebanese government to enhance revenue collection, unify exchange rates, and reduce expenses, the Central Bank achieved a budget surplus of $800 million for the first time in five decades.
Mansouri explained measures taken to stabilize the exchange rate, including the cancellation of the 'Sayrafa' platform and changes in currency market activities. He addressed the issue of depositor funds, advocating for a thoughtful application of the 'haircut' principle and expressing hope for a fair distribution of funds by the new government.
The Governor reassured that Lebanon's relationship with foreign correspondent banks has improved significantly, with no external reservations. He noted positive feedback from international financial institutions, including the IMF, which could encourage further assistance to Lebanon.
Mansouri underscored the importance of exchange rate stability and confirmed the absence of corruption within the Central Bank, asserting that operational decisions align with bank policy. He expressed optimism about Lebanon's future financial stability and the potential for governmental and institutional support.