Mansouri holds 'promising' talks in Riyadh

Interim Central Bank Governor Wassim Mansouri has held "promising talks" with Arab and Saudi central banks governors on the sidelines of the Arab Banking Conference in Riyadh, media reports said.

Al-Liwaa newspaper reported Tuesday that Mansouri has asked for Saudi support and for enhancing joint financial investments and that in the coming weeks, financial meetings will take place in Lebanon in order to support the central bank.

Mansouri told al-Liwaa that although Saudi Arabia always plays a positive role in helping Lebanon to overcome its financial crisis, the solution must start from Lebanon through reforms and bank restructuring.

The central bank is also planning to introduce a new currency exchange platform, instead of Sayrafa, through Bloomberg, Mansouri said. The launching of the new platform will be discussed in the upcoming Cabinet session this Thursday.