Lebanese Prime Minister Hassan Diab rebuked central bank governor Riad Salameh on Friday, questioning his performance after a steep fall in the pound currency and calling on him to clearly explain to Lebanese where the policy was headed.
Diab said the crisis-hit country had suffered $7 billion in additional losses since the start of the year and that liquidity in the banking system was running out, with $5.7 billion in Lebanese deposits exiting in January and February.
Diab said it was urgent that an economic reform plan, a draft of which emerged earlier this month, be quickly passed to avert further crisis.
Read also:
Lebanese PM Hassan Diab: State can no longer protect citizens
Lebanese customers feel currency squeeze as dollar crisis worsens
Landmark Lebanon hotel closes over economic crisis, coronavirus lockdown
Also Read
-
Lebanon c. bank sets exchange rate of 3,625 lira to dollar: Bank source
The Lebanese central bank set an exchange rate of 3,625 Lebanese pounds per dollar to be applied by money-transfer firms on Friday, a central bank ... Economy -
‘Hunger worse than coronavirus’ protesters near Lebanon’s Central Bank say
Dozens of protesters have broken coronavirus locdown orders to demonstrate in front of the Lebanese central bank in Beirut amid growing anger against ... Coronavirus -
Coronavirus lockdown inspires animation about deteriorating conditions in Lebanon
A one-minute animated video, inspired by the infamous Super Mario video game, is making Lebanese stuck at home under lockdown smile but also lament ... Coronavirus
