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PM Diab rebukes central bank governor amid deepening currency crisis

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24-04-2020 | 12:36

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PM Diab rebukes central bank governor amid deepening currency crisis

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 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 $5.5 billion in Lebanese deposits exiting in the past three months.

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.

REUTERS

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