Nov 28 2021 - 07:04
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Fadlallah: BDL Governor, Central Council bear responsibility for not controlling manipulation of exchange rate

MP Hassan Fadlallah confirmed on Sunday that the central bank, as stipulated by law, is responsible for the safety of the national currency Lebanon, news ,lbci ,أخبار Lebanese Lira, Currency, BDL,Fadlallah,MP Hassan Fadlallah confirmed on Sunday that the central bank, as stipulated by law, is responsible for the safety of the national currency
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Fadlallah: BDL Governor, Central Council bear responsibility for not controlling manipulation of exchange rate
Lebanon News

MP Hassan Fadlallah confirmed on Sunday that the central bank, as stipulated by law, is responsible for the safety of the national currency, and therefore the governor of the Banque du Liban and the Central Council of the bank bear responsibility for not controlling the manipulation of the exchange rate. Complaints were submitted to the judiciary, there were investigations, and allegations were made, but this file in the judiciary went towards dilution, and was placed in the drawers.

 
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During a popular political dialogue, Fadlallah stressed that the central bank cannot complain about the Lebanese lira drop to the greenback, because it is the one responsible for implementing solutions, and if there are speculations, manipulation and suspicious practices, then the issue should go to judicial procedures.

 

Fadlallah believed that despite all the difficulties, disagreements and divisions in the country, there is no choice for all the Lebanese but to work on rebuilding the state and its institutions. He added “we adhere to the idea of the state, and we want to rebuild it and fix what can be fixed, and anything other than that means that we go towards the complete collapse of the country.”

 

“The basis of this state is an impartial and fair judiciary, but when we look at the entire judicial system, we see that it is based on a sectarian and doctrinal composition, and there is political interference and rampant corruption in it. We have no choice but to reform this judiciary, to which we resort to resolve our issues, including achieving justice for our oppressed martyrs, especially those who died in the Tayouneh clashes or in the fight against corruption, that is why we want the independence of the judiciary,” he concluded.

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