News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
20
o
Mount Lebanon
19
o
Metn
21
o
Keserwan
21
o
North
20
o
South
19
o
Bekaa
13
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Kaser Adem - Al Saradib
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
20
o
Mount Lebanon
19
o
Metn
21
o
Keserwan
21
o
North
20
o
South
19
o
Bekaa
13
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Will term of BDL's Salameh be extended?
News Bulletin Reports
2023-02-18 | 12:23
High views
Share
Share
3
min
Will term of BDL's Salameh be extended?
On the sidelines of the World Government Summit in Dubai, the Lebanese Finance Minister Youssef Al-Khalil surprised some when he told Reuters that replacing the Governor of Banque du Liban (BDL), Riyad Salameh, would be difficult and that his term might be extended despite the lack of agreement on the matter.
At a later time, Khalil's office clarified that he did not state or even suggest that Salameh's term extension would take place, contrary to what some have said, explaining that he meant that the country's conditions are complex. It also may be difficult for the political forces to agree on an alternative.
As for the extension, which the minister did not say, according to his office, he was referring to the proposal that included the term extension for first-class employees.
However, Salameh's term as BDL governor, which he has held for thirty years, will end in July. There is a lot of disagreement over his contribution to the country's financial situation; thus, are there any extension formulas?
But how can this scenario happen, especially since there is a caretaker cabinet which issues a decree appointing the governor, as happened with Salameh in May 2017 when his term was renewed for another six years, even though the position and personality of the ruler have always been associated with the President of the Republic.
Therefore, will the cabinet convene for this purpose? And will Hezbollah - which has a well-known position on Salameh - secure the quorum?
Another scenario may happen: Amending the Monetary and Credit Law, whose article 18 defines the governor's term as six years.
According to this scenario, an exceptional amendment of the law through the Parliament may occur to extend the term that began in 2017, for two years, for example.
But the parliament is currently, according to the constitution, an electorate body dedicated only to electing a president, and it cannot conduct any other matter. Moreover, there is a disagreement about holding legislative sessions under the "legislation of necessity."
However, if it is agreed to hold such a session, the presence of the absolute majority (65 deputies) is required. Furthermore, the approval of amending the law requires only an ordinary majority (half of the members in the hall).
Sources close to the Parliament Speaker did not want to comment on the position of the Minister of Finance and the circumstances that led to his speech.
Breaking Headlines
Lebanon News
News Bulletin Reports
Lebanon
Lebanese
Term
Bank
BDL
Minister
Cabinet
Parliament
Next
Forensic report on BDL submitted by A&M to Finance Minister sheds light on Forry controversy, suggests criminal implications
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:28
UNHCR and WFP aid reduction: A threat to Syrian families in Lebanon
News Bulletin Reports
13:28
UNHCR and WFP aid reduction: A threat to Syrian families in Lebanon
0
News Bulletin Reports
12:02
Israeli Diplomatic Maneuvers: Negotiating Amidst Internal and External Pressures
News Bulletin Reports
12:02
Israeli Diplomatic Maneuvers: Negotiating Amidst Internal and External Pressures
0
News Bulletin Reports
12:00
Navigational Spoofing: Challenges in the Middle East Skies
News Bulletin Reports
12:00
Navigational Spoofing: Challenges in the Middle East Skies
0
News Bulletin Reports
11:56
Shifting Dynamics: The Impact of Indian Labor on the Palestinian-Israeli Conflict
News Bulletin Reports
11:56
Shifting Dynamics: The Impact of Indian Labor on the Palestinian-Israeli Conflict
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2024-01-10
Israeli shelling kills civilian in southern Lebanon
Lebanon News
2024-01-10
Israeli shelling kills civilian in southern Lebanon
0
World News
2023-07-05
Ukraine declares Russian military "formation" destroyed in Donetsk
World News
2023-07-05
Ukraine declares Russian military "formation" destroyed in Donetsk
0
Press Highlights
2023-11-16
Iran's unprecedented stance on Gaza: Khamenei's message and regional implications
Press Highlights
2023-11-16
Iran's unprecedented stance on Gaza: Khamenei's message and regional implications
0
News Bulletin Reports
2024-03-25
Safety concerns: Interference with Lebanon's navigation system causes 'panic' on flight to Beirut
News Bulletin Reports
2024-03-25
Safety concerns: Interference with Lebanon's navigation system causes 'panic' on flight to Beirut
Videos
d-none hideMe
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
02:44
Ministry of Energy urges TotalEnergies to deliver Block 9 drilling results report: LBCI Sources confirm
Lebanon News
02:44
Ministry of Energy urges TotalEnergies to deliver Block 9 drilling results report: LBCI Sources confirm
2
Lebanon News
07:51
Lebanon's springtime splendor: A journey through nature's canvas in pictures
Lebanon News
07:51
Lebanon's springtime splendor: A journey through nature's canvas in pictures
3
Israel-Gaza War Updates
05:05
Over 1.1 million in Gaza face 'extreme' food insecurity: UN reports
Israel-Gaza War Updates
05:05
Over 1.1 million in Gaza face 'extreme' food insecurity: UN reports
4
News Bulletin Reports
12:00
Navigational Spoofing: Challenges in the Middle East Skies
News Bulletin Reports
12:00
Navigational Spoofing: Challenges in the Middle East Skies
5
Israel-Gaza War Updates
03:26
Israeli strikes persist amidst 'intense' clashes in Gaza
Israel-Gaza War Updates
03:26
Israeli strikes persist amidst 'intense' clashes in Gaza
6
News Bulletin Reports
12:02
Israeli Diplomatic Maneuvers: Negotiating Amidst Internal and External Pressures
News Bulletin Reports
12:02
Israeli Diplomatic Maneuvers: Negotiating Amidst Internal and External Pressures
7
News Bulletin Reports
13:28
UNHCR and WFP aid reduction: A threat to Syrian families in Lebanon
News Bulletin Reports
13:28
UNHCR and WFP aid reduction: A threat to Syrian families in Lebanon
8
Israel-Gaza War Updates
05:32
Latest figures: Gaza Health Ministry reports 32,552 martyrs, 74,980 injured
Israel-Gaza War Updates
05:32
Latest figures: Gaza Health Ministry reports 32,552 martyrs, 74,980 injured
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More