We're hiring! Join our team! Click for more info.

Parliament Speaker Calls For “Financial State Of Emergency” In Lebanon

Parliament Speaker Calls For _Financial State of Emergency_ In Lebanon
Reuters/Mohamed Azakir

During Thursday’s national meeting, Speaker of Parliament Nabih Berri insisted that the Lebanese government should declare a state of financial emergency to stop the economy from collapsing.

Amid fervent opposition from some political leaders and political movements alike, if for different reasons, the controversial national meeting commenced on Thursday with the politicians and leaders who did turn up.

Among those was Parliament Speaker Berri, who recently warned of the repercussions of the government’s stalling regarding implementing the necessary reforms.

View this post on Instagram

أعلن رئيس ​مجلس النواب​ ​​نبيه بري​​ “ان انهيار سعر صرف الليرة اللبنانية أمام ​الدولار​الاميركي يفرض، على ​الحكومة​ وعلى ​المصرف المركزي​ وعلى ​جمعية المصارف​ اعلان حالة طوارئ مالية واعادة النظر بكل الاجراءات التي اتخذت لحماية العملة الوطنية ومن غير المقبول بعد الآن جعل اللبنانيين رهائن للاسواق السوداء في العملة والغذاء و​الدواء​ و​المحروقات​”، معتبراً انه “يخطىء الظن من يعتقد ان ​صندوق النقد​ أو أي دولة أو جهة مانحة يمكن ان تقدم لنا المساعدة بقرش واحد اذا لم ننفذ الاصلاحات وفي المقدمة الاسراع في المعالجة الفورية ل​قطاع الكهرباء​، وحماية أمن الناس وحرية معتقداتهم وممتلكاتهم كما أمن الوطن وسلمه الاهلي قبل ان يكون مسؤولية وطنية هو مسؤولية ايمانية قانونية واخلاقية”. اضاف “ابدا لا مالية ​الدولة​ ولا لقمة عيش اللبنانيين لا يجوز ان يتحولا في هذه اللحظة الراهنة الى حقل تجارب لنظريات بعض المستشارين لا في الداخل ولا في الخارج”. #البنك_والمستثمر #اخبار_الاقتصاد #لبنان #نبيه_بري

A post shared by البنك والمستثمر (@al_bank_wal_mostathmer) on

He warned that the International Monetary Fund (IMF) will provide no financial support to Lebanon unless the officials rush to fulfill its conditions.

The government, the central bank, and all of Lebanon’s commercial banks must declare “a financial state of emergency” and review all the necessary steps to protect the collapsing national currency, Berri stated.

The official made this declaration during an emergency meeting of the Amal Movement, which he leads, on Wednesday, June 24th.

“The state’s finances and livelihoods must not be turned into a field of experimentation for the theories of some advisors; neither inside nor outside [Lebanon],” he added.

The black markets in currency, food, medicine, and fuel keeping hold of the Lebanese as hostages “is unacceptable,” Berri affirmed.

Later, during Thursday’s national meeting, Berri was asked about his call for a state of emergency and he maintained, “I stand by my words.”

The said meeting’s closing statement declared, among other things, that Lebanon’s civil peace is an essential condition for its economic, political, social, financial, and monetary stability.

The attendees urged everyone to stop all kinds of “incitement campaigns” that would “stir strife, threaten civil peace, and destabilize internal security,” while noting that the freedom of speech is guaranteed, “provided that it is exercised within the limits of the law.”


Our team works tirelessly to ensure Lebanese people have a reliable alternative to the politically-backed media outlets with their heavily-funded and dangerous propaganda machines. We've been detained, faced nonstop cyber attacks, censorship, attempted kidnapping, physical intimidation, and frivolous lawsuits draining our resources. Financial support from our readers keeps us fighting on your behalf. If you are financially able, please consider supporting The961's work. Support The961. Make a contribution now.

Parliament Speaker Calls For "Financial State Of Emergency" In Lebanon

Share this article with your friends!

Not now
Share via
Don\'t Miss Out!