Bassil: Lebanon’s financial policies must change in wake of Salameh era

Bassil: Lebanon’s financial policies must change in wake of Salameh era

NNA - Free Patriotic Movement (FPM) leader, MP Gebran Bassil, has warned against continuing the same financial and monetary policies based on wastefulness and corruption after the end of the term of Lebanon#39;s Central Bank governor, Riad Salameh.nbsp;

Bassil emphasized the need for genuine stability through adherence to laws, transparency, combating theft and corruption, and respecting market supply and demand dynamics. He criticized artificially fixing the US dollar exchange rate at the expense of citizens and depositors.

During a speech delivered in the presence of Former President Michel Aoun, Bassil stated that in a few days, Lebanon would be relieved of the quot;burdenquot; of Riad Salameh, quot;one of the main pillars of corruption and the head of the governing financial systemquot; in the country.nbsp;

He preferred to have Salameh dismissed, held accountable, and imprisoned rather than allowing him to extend his term, quot;but at least we prevented him from extending it, which his partners in the corrupt system were seeking.quot;

Bassil also accused Salameh of intending to sabotage the situation after his term ends and manipulate public opinion to claim that he is crucial for monetary stability. He accused him of violating the laws to control the exchange rate, causing citizens to bear the