BDL tightens lira supplies as financial pressures mount

BEIRUT — While Lebanon remains focused on security and political developments, the country’s top officials have also turned their attention to another sensitive issue: monetary stability.According to information obtained by L’Orient-Le Jour, President Joseph Aoun, Prime Minister Nawaf Salam, and Parliament Speaker Nabih Berri closely monitored the financial situation last week amid a decline in Banque du Liban’s (BDL, central bank) foreign currency reserves, particularly in March and April, due to the repercussions of the Israeli war in Lebanon and the wider region.The three offices intensified both public and behind-the-scenes contacts with officials from the Finance Ministry and BDL, to assess pressures that could threaten exchange-rate stability. BDL Governor Karim Souhaid reaffirmed his commitment to preserving that stability during...