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Caretaker Prime Minister Najib Mikati said Thursday that he has not yet succeeded in convincing the Central Bank vice-governors not to resign.
"We are discussing the opportunity to give the vice-governors a temporary funding to maintain financial stability," he added.
Full StoryOutgoing Central Bank Governor Riad Salameh has stressed that he will not stay in his post after his term expires on July 31, as he warned against abolishing the Sayarfa exchange platform in an abrupt manner.
“I declared a year ago that this would be my last term at the Banque du Liban and in a few days I will turn a page of my life,” Salameh said in an overnight interview on LBCI television.
Full StoryFrench presidential envoy Jean-Yves Le Drian met Thursday with Hezbollah MP Mohammed Raad in Haret Hreik and with Parliament Speaker Nabih Berri for a second time in Ain el-Tineh.
Le Drian arrived Tuesday in Lebanon to help resolve divisions that have left the presidency vacant for nearly nine months and met with Berri, who said that the meeting was "good" and that "an opening has pierced through" Lebanon's power vacuum.
Full StoryA cabinet session to appoint a new central bank governor was cancelled Thursday due to a lack of quorum.
Only several ministers showed up at the Grand Serail and held a consultation meeting.
Full StoryThe Justice Ministry announced Wednesday that it is preparing to submit to the State Shura Council a request for naming an interim director for the Central Bank, days before the expiry of the term of long-serving Governor Riad Salameh.
The Ministry said its move comes “in light of the developments that might arise over the next two days, to avoid any vacuum in the Central Bank’s governor post and to secure the proper functioning of the financial and monetary facility.”
Full StoryLebanese Forces leader Samir Geagea said Wednesday after meeting French envoy Jean-Yves Le Drian in Maarab that the French diplomat did not discuss presidential names with him.
"We did not discuss new names," Geagea said, stressing that the talks are confidential.
Full StoryThe State Shura Council has rejected the government’s request for borrowing from the Central Bank’s foreign currency reserves, after the bank’s vice governors demanded a legal cover for any such expenditure, media reports said on Wednesday.
According to al-Akhbar newspaper, caretaker Prime Minister Najib Mikati has told Central Bank First Vice Governor Wassim Mansouri that if the government failed to name a new governor it would submit to parliament a draft law for legalizing the monthly use of around $200 million from the Central Bank’s obligatory reserves.
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A Cabinet session scheduled for Thursday will discuss the possibility of appointing a new Central Bank governor, media reports said.
Full StoryFrench presidential envoy Jean-Yves Le Drian’s talks with Free Patriotic Movement chief Jebran Bassil on Wednesday were characterized by “positive honesty,” the FPM's media department said.
“The French envoy proposed an idea backed by the five nations that had recently met in Doha, under which Le Drian would return in September to restart consultations, from square one and within a rapid and specific timeframe, in order to agree the presidential program that Lebanon needs,” the FPM added.
Full StoryFrench special envoy Jean-Yves Le Drian met Wednesday with Free Patriotic Movement chief Jebran Bassil, as he returns to Lebanon to help resolve divisions that have left the presidency vacant for nearly nine months.
Later on Wednesday, Le Drian met with Marada leader Suleiman Franjieh and Lebanese Forces leader Samir Geagea.
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