Vice-Governor and acting Governor of the Central Bank (BDL) Wassim Mansouri declared Friday that the BDL’s foreign currency reserves had increased by $1.1 billion.
Speaking at a forum held at the Arab University of Beirut, Mansouri also emphasized that “the BDL cooperates with the government to maintain monetary stability in the country, but cannot replace it in its functions.”
He also reaffirmed that the BDL strives to control the volume of Lebanese pound money in circulation, pointing out that “this had decreased from 82 trillion pounds at the beginning of 2023 to 59 trillion pounds in 2024.”
Finally, Mansouri asserted the importance of revitalizing the banking sector and restoring depositors’ confidence as part of an economic revival.
