Aoun during Baabda Meeting: For adopting necessary measures to meet citizens’ needs

Sat 09 Nov 2019 at 19:48 Politics

NNA – During the financial and economic meeting held this afternoon at the Presidential Palace in Baabda, chaired by President Michel Aoun, the President called for taking all the necessary measures to cater to the needs of citizens.

Aoun began the meeting by stressing the importance of addressing the current financial and banking situation, and to keep citizens well-informed of all developments to prevent the spread of rumors and false news targeting the banking sector in particular, and monetary stability in general.

In this context, a series of measures were adopted during the meeting to address the financial and monetary conditions in the country, with special focus on pursuing the ongoing coordination between the Central Bank and the Association of Banks in Lebanon, in order to maintain stability and to enable banks to meet the needs of their customers, especially small depositors. Additionally, conferees highlighted the need to ensure the sustainability of the productive sectors as well.

It was also emphasized that depositors' money was well-kept, and that the recent events have no connection to the issue of solvency; therefore, there is no need for panic.

The financial meeting was attended by Caretaker Ministers of Finance, Ali Hassan Khalil, and Economy and Trade Mansour Btaish, alongside Caretaker State Minister for Presidency Affairs Salim Jreissati, Central Bank Governor Riad Salameh, and the President and members of the Lebanese Banks Association. The Presidency Director-General Antoine Choucair, and Presidential Advisor Mireille Aoun Hashem were also present during the meeting.

At the end of the meeting, Banks Association President Salim Sfeir read out the meeting’s statement, outlining the essential points tackled.



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