Lebanese government raps central bank over decision to end subsidies

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Reuters Gran Bretagna 12.08.2021. 18:19

Lebanese government raps central bank over decision to end subsidies

BEIRUT (Reuters) -The Lebanese government criticised central bank governor Riad Salameh on Thursday over his decision to halt fuel subsidies, saying Lebanon could not bear the consequences and that other measures needed to be implemented first to help the poor. A loss of fuel subsidies would open a»»»

reuters.com
Al Araby 15.11.2019. 00:40

Lebanon's Ponzi scheme economy is broken. Protesters want the wealthy one percent foot the bill

Lebanon's central bank on Monday vowed to provide dollars at the official rate for firms that import fuel, medicine and wheat to alleviate the worse financial crisis since the war-torn 1980s.Central bank (BDL) chief Riad Salameh said Monday that the Lebanese Pound peg to the dollar would remain sta»»»

alaraby.co.uk
Naharnet Libano 14.08.2021. 11:10

Officials Meet as Fuel Shortage, Power Cuts Paralyze Lebanon

Severe fuel shortages and wide power cuts have paralyzed Lebanon, with some businesses temporarily closing down as top security officials met to discuss the situation. Lebanon has for decades suffered electricity cuts, partly because of widespread corruption and mismanagement. The Mediterranean nat»»»

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