Home Economy Nobody’s running Lebanon, central bank boss says

Nobody’s running Lebanon, central bank boss says

  • Central bank decided to end fuel subsidy on Wednesday
  • Bank chief hits back at criticism of decision
  • President calls on parliament to appropriate action

BEIRUT, Aug 14 (Reuters) – Lebanon’s central bank governor said nobody was running the country, hitting back after government criticism of his decision to halt fuel subsidies that have drained currency reserves.

In an interview broadcast on Saturday, Riad Salameh said the government could resolve the problem quickly by passing necessary legislation.

The country’s President Michel Aoun later on Saturday called on parliament to convene and take appropriate action on the crisis, his office said in a statement, without specifying a time or a particular proposal.

Salameh denied he had acted alone in declaring an end to the subsidies on Wednesday, and said it was widely known that the decision was coming. read more

“So far you have nobody running the country,” Salameh told Radio Free Lebanon.

The worsening fuel…

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