The Acting Governor of the Central Bank of Lebanon, Wassim Mansouri, announced on Friday that the Central Bank intervened to maintain monetary stability, and that the intervention was outside the reserves.According to the National News Agency,
say Mansouri, during a press conference: “The intervention was made by the Central Bank, to maintain monetary stability, during the past month… “Intervention to maintain stability in the exchange rate did not cost Lebanon any amount of reserves, and the measures taken were taken outside the reserves.”He added: “Agreed, and in consultation with
Prime Minister Najib Mikatiand Minister of Finance Youssef Al-Khalil, that financial stability will be the priority in the next stage… “The stability that the bank maintains has its security and political limits, and we cannot control stability without cooperating with the government and parliament.”
Source: Sputnik
