Governor

Souhaid Unveils Roadmap as Central Bank Governor

The new governor highlighted several priorities: strengthening BDL’s governance, ensuring the return of deposits, restructuring the banking sector, and remaining open to all proposals aimed at resolving the banking system crisis. “Deposits are guaranteed, and their repayment must be managed through shared responsibility between the banks, BDL ...

Cabinet Appoints Karim Souhaid as Governor of Lebanon's Central Bank

The Council of Ministers appointed a new governor for Lebanon’s Central Bank on Thursday, more than a year and a half after the former governor, Riad Salameh, had retired. Karim Souhaid became the new head of the central bank, or BDL, following a vote in which he secured the support of 17 ministers out of 24. The Cabinet resorted to voting ...

‘Governance’ Dispute Persists as BDL Reserves Hit $10.746B

The Cabinet approved on Thursday the administrative appointment mechanism, reaffirming ministers’ role in the process. Under the agreed framework, the relevant minister will propose a list of hors-cadre candidates, while the final decision rests with the Cabinet. Meanwhile, the appointment of a new Bank of Lebanon (BDL) governor remains ...