BDL gold: Chami proposes a national fund to avoid ‘socializing losses’

Because of the war and its impact, discussion about using Lebanon’s gold reserves to help solve the banking crisis was sidelined for a while, but the idea has not disappeared. In the Association of Banks in Lebanon (ABL), some professional organizations and Parliament, some continue to speak in favor of benefitting from the loopholes created in late 2025 by the Financial Gap bill. They also point to the sharp rise in gold prices, which has increased the value of the central bank’s 9.2 million ounces of gold to nearly $42 billion. Read more From taxation to customs, the IMF indicts Lebanon’s public finances management However, former Deputy Prime Minister Saade Chami warned in a study published last month by the AUB’s Issam Fares Institute for Public Policy and International Affairs that this option could create serious unfairness...