FPM says BDL Governor cannot give confidence in national currency when there is no trust in him as a person

  • Date: 27-Nov-2021
  • Source: National News Agency - Lebanon
  • Sector:Financial Markets
  • Country:Lebanon
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FPM says BDL Governor cannot give confidence in national currency when there is no trust in him as a person

NNA – The Free Patriotic Movement’s political body held its periodic meeting on Saturday chaired by its Chief, MP Gebran Bassil, following which it issued a statement calling for "breaking the government's constraints and liberating it from the considerations that hinder its work.”

The statement demanded, "holding a session of the Council of Ministers in accordance with constitutional principles, in order to take the decisions required to run the state’s administrations and facilitate people's livelihood, from the faltering financing card, to the 2022 annual budget, to financial recovery, to the catastrophic daily living and social conditions…far-reaching the decisions related to the electoral process.”

“All of this requires the government to meet and assume its responsibilities; otherwise the Movement calls on the Parliament to hold a session of accountability to question the cabinet for the reasons behind its failure to convene,” the statement added.

"The financial collapse that occurred is a natural result of the financial policies implemented by the Central Bank Governor over the past three decades, during which he committed major violations of the monetary and credit law with a well-known political cover,” the FPM statement went on, adding that the “most critical thing is that he is still intentionally obstructing the