Farid Al-Bustani on Gold Reserve Liquidity

The head of the National Economy Committee, Deputy Fared Al-Boustani, confirmed that the President's visit to the United States was a positive step politically and diplomatically, opening the door to external engagement. He also anticipated that an upcoming visit to Saudi Arabia would yield supportive steps for Lebanon. He emphasized the necessity of passing the financial regulation law before the bank restructuring law, as it determines the mechanisms for returning depositors' funds. He stated that trust in the financial system cannot be restored until depositors' money is recovered. He mentioned the possibility of liquidating part of the gold reserves under specific controls to help return funds and criticized the decline in the middle class, noting that it threatens social and economic stability. Al-Boustani reaffirmed his commitment to continuing his oversight work and exposing sensitive files, while rejecting any increase in taxes or fees on Lebanese citizens. He called for urgent reforms to enable the Lebanese economy and restore confidence.

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