Lebanon today, “” Lebanese Alliance for Wise Governance “: No to sell gold

The administrative body of the “Lebanese Alliance for Winter Governance” held its periodic meeting chaired by the National Public Coordinator Maroun Al -Khouli at its headquarters in Beirut, where the current economic issues were circulated, foremost of which was the invitations issued to sell gold reserves to compensate the depositors.

In a statement issued by the commission after the meeting, it strongly denounced the statements issued by the Minister of Displacement, Issam Sharaf Al -Din and the Banking Association, which called for the sale of gold reserves as a solution to compensate the depositors. These calls were considered a dangerous proposal that threatens the financial and economic stability of Lebanon, and opens the door to catastrophic dangers that threaten the future of future generations.

The coalition emphasized that the state’s gold reserves are the last guarantee of monetary and financial stability, and is considered a safety valve for any sustainable economic recovery plan. The statement pointed out that the sale of the reserve is not a solution to the banking crisis, as the failed policies of banks were the main reason for the current crisis.

The coalition also stressed that the Lebanese constitution, in accordance with Law 42/1986, prevents the pre -release of gold reserves in any way, which makes any attempt to sell it an explicit constitutional violation.

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