Lebanon

Title: Kanaan: Introduction of New Taxes and Fees in This Situation Violates Rules

Title: Kanaan: Introduction of New Taxes and Fees in This Situation Violates Rules

The Chairman of the Finance and Budget Committee, MP Ibrahim Kanaan, mentioned after the committee session in the House of Representatives, attended by the acting Governor of the Central Bank, Wassim Mansouri, that "the committee listened to Mansouri's explanation about the monetary situation, and appreciated the performance of the Central Bank in maintaining the stability of the exchange rate at zero cost from the reserves." He pointed out that "the financial and monetary solution lies in reforms, continuing audits, and unifying the exchange rate," emphasizing that "the introduction of new taxes and fees in this poor economic and social situation does not help, and it violates sound financial and economic rules."

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