Lebanese central bank chief moves to ease US dollar crisis

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Tue, 2019-10-01 02:27

BEIRUT: Lebanon’s central bank chief moved on Monday to ease consumer demand for US dollars amid angry protests over the country’s economic plight.

Dollars will be issued to banks at the official pegged exchange rate to secure imports of petrol, medicine and flour. The move would “reduce the pressure on dollar demand at currency exchange shops,” central bank Gov. Riad Salameh said after a meeting with President Michel Aoun.

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