• About
  • Advertise
  • Contact
Wednesday, May 28, 2025
Manhattan Tribune
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
  • Home
  • World
  • International
  • Wall Street
  • Business
  • Health
No Result
View All Result
Manhattan Tribune
No Result
View All Result
Home Business

Lebanese -American consultations to choose the governor of the Central Bank of Lebanon news

manhattantribune.com by manhattantribune.com
16 March 2025
in Business
0
Lebanese -American consultations to choose the governor of the Central Bank of Lebanon news
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Informed sources revealed that the United States is currently holding with the Lebanese government to choose the new central bank of Lebanon in an American endeavor to curb the influence of Hezbollah in the Lebanese banking sector.

The new ruler will replace Wasim Mansouri, who temporarily runs the central bank since the end of the state of Riyad Salama, who held the position for 30 years in 2023 with a scandal.

During most of his assumption of the position of governor of the Bank of Lebanon, Salama was considered a financial expert and received the support of the United States, which shows great interest in the position due to its supervision of the broader Lebanese banking system and its help in ensuring its compliance with American laws that prevent the financing of groups classified “terrorist” organizations by America, including Hezbollah.

Bid that the financial collapse in Lebanon distorted the legacy of Salama. A month after his position in 2023, sanctions were imposed on him from the United States, Britain and Canada, which accused him of corruption to enrich himself and his partners, and is currently facing charges of financial crimes in Lebanon and abroad.

Last year, Lebanon was listed on the “gray list” of financial supervisory bodies after its failure to address concerns related to terrorist financing and money laundering through its financial system.

3 Lebanese sources and a Western diplomat and responsible from the administration of US President Donald Trump said that the United States has declined the files of a number of candidates for this position.

The sources spoke to Reuters to discuss the role of Washington in the selection process, provided that its names were not mentioned.

Lebanese sources stated that American officials asked the candidates questions, such as how they intend to fight “financing terrorism” through the Lebanese banking system and if they are ready to confront Hezbollah.

The Trump administration official said the meetings are part of the “usual diplomacy”, but added that the United States clarifies the Lebanese government its directives on the qualifications of the candidates.

American abuse

The official explained that the guidelines are “neither for Hezbollah nor for anyone involved in corruption. This is a necessary thing from an economic perspective.”

“You need a person who is reforming, calling for him and refusing to turn a blind eye whenever people try to do their business as usual in Lebanon,” he added.

Washington’s awareness of its opinion on the candidates for the highest position in shaping Lebanon’s monetary policy is the latest example of the unusual American approach in dealing with the country that has been witnessing a continuous financial crisis for more than 5 years, which led to the collapse of its economy.

This also shows the continued focus of the United States on weakening Hezbollah, whose influence has diminished on the Lebanese government after suffering strong strikes from Israel in the war last year.

Lebanon has been elected since then Joseph Aoun, supported by the United States, as President of the Republic, and a new government took power without a direct role for Hezbollah.

This government has now to hold vacant positions, including the position of governor of the Bank of Lebanon, which is run by an interim governor since July 2023.

Tags: AmericanBankcentralchooseconsultationsGovernorLebaneseLebanonNews
Previous Post

Yemen’s banks avoid US sanctions by moving from Sana’a to Aden economy

Next Post

Standard & Poor’s raises Saudi Arabia’s classification and a stable future view economy

Next Post
Standard & Poor’s raises Saudi Arabia’s classification and a stable future view economy

Standard & Poor's raises Saudi Arabia's classification and a stable future view economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Category

  • Blog
  • Business
  • Health
  • International
  • National
  • Science
  • Sports
  • Wall Street
  • World
  • About
  • Advertise
  • Contact

© 2023 Manhattan Tribune -By Millennium Press

No Result
View All Result
  • Home
  • International
  • World
  • Business
  • Science
  • National
  • Sports

© 2023 Manhattan Tribune -By Millennium Press