The “Renewal Bloc” reaffirmed its unwavering stance, rejecting the appointment of a new Central Bank governor by the caretaker government in the absence of a President.
“This is a double violation of the constitution and the partnership, and it encroaches upon the powers of the President of the Republic, as the caretaker government does not have the right to appoint any first-class employee, especially in the absence of a president,” MP Michel Moawad, a member of the Bloc, said on Wednesday following his visit to the summer patriarchal residence in Dimane.
In a statement, the bloc argued that “the aim of this rejected step is to become accustomed to the vacuum, prolong its duration, and delay the election of the President, who is the sole gateway to restoring order to the institutions and should have been elected before today.”
In this context, the “Renewal Bloc” clarified that in the absence of the President, the solution lies in the temporary administration of the Central Bank of Lebanon, as provided for in the Monetary and Credit Law.
“According to this law, duties are assumed by the Deputy First Governor in case of a vacancy,” the statement read.
The bloc warned against “continuing the procrastination and manipulation of this sensitive issue, which affects the livelihood and purchasing power of hundreds of thousands of Lebanese families, with repercussions on economic, monetary, and social conditions.”
Furthermore, the bloc called on authorities to “uphold the laws and urged obstructionists to stop causing presidential vacuum so that the rescue journey can begin.”
