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FinancialNews
26-04-20
Central bank's governor adopts "mysterious" approach in dealing with USD crisis in Lebanon
(MENAFN) On Friday, Lebanese Prime Minister Hassan Diab accused the central bank's governor of taking a "mysterious" approach in dealing with the USD crisis in Lebanon.
According to Diab, "the behavior of the central bank's governor is very mysterious and it is causing further deterioration in the country by exacerbating the social disaster".
On Thursday, the worth of USD to the Lebanese pound has grown to unprecedented levels, making concerns between the Lebanese whose purchasing power has decreased tremendously over the devaluation of their salaries mostly paid in Lebanese pounds whereas Lebanon imports most of its products in USD.
Diab asked the central bank's governor Riad Salameh to talk to the Lebanese people honestly and transparently about the recent situation and the reasons behind this decline.
MENAFN2604202000450000ID1100085432
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