The Bank of Lebanon issued an explanatory statement in response to what is being circulated in some newspapers with a known political orientation, stressing that its primary goal, along with its ruler, is to maintain monetary stability under various circumstances. The bank explained that it is working according to clear priorities, most notably the return of depositors’ deposits within the mechanisms of the Financial Regulatory Law, and restoring the health of the banking sector as a basic input to stimulate economic growth, in addition to strengthening the state’s public finances and stabilizing the national currency in a way that ensures the state’s ability to fulfill its obligations towards citizens and public sector employees. He indicated his full commitment to maintaining monetary stability, in cooperation with the concerned authorities, especially the Ministry of Finance, and with various actors in the financial sector, with the aim of securing a continuous flow of foreign currencies and maintaining exchange rate stability, within disciplined policies that take into account the protection of depositors’ funds and state funds alike. The bank also stressed that it works within the legal frameworks, and in coordination with the government, committed to the provisions of the Monetary and Credit Law, especially what was stipulated in Article 70 regarding “preserving the integrity of the Lebanese currency.” At the conclusion of its statement, it stressed that political stability constitutes the basic foundation for any economic stability, considering that progress on this path is the decisive factor for restoring confidence and enhancing the effectiveness of monetary policies. This statement comes in response to a press report that talked about the possibility of the bank governor moving to liberalize the exchange rate of the lira, and the significant increases in the price of the dollar that might accompany this. This is information that the bank indirectly denied by confirming its adherence to the monetary stability option.