FILE PHOTO: Lebanese Central Bank Governor Riad Salameh speaks during a news conference in Beirut, Lebanon, November 11, 2019. REUTERS/Mohamed Azakir/File Photo
The central bank’s foreign currency reserves stand at $19.5 billion and obligatory reserve at $17.5 billion, he said. With the country running out of dollars, an official peg of 1,507.5 Lebanese pounds to the dollar has remained available for imports of fuel, wheat and medicine. A devastating explosion at Beirut port this month, which killed at least 180 people and wrecked swathes of the city, on top of a COVID-19 outbreak, has compounded woes.
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L'autre manière de 'purger le système bancaire libanais' ...
And how would they raise capital? Locals are broke. Politicians & millionaires have their dollars stashed in Europe. And the Arab nations won’t help as long as the hezbola thugs have a stranglehold on lebanon