Lebanon's central bank governor said on Thursday "nobody knows" how much more the cost of dollars could rise on the black market in a country suffering its worst economic crisis in decades.
Lebanon needs a political solution to the country’s crisis in days to regain confidence and avert a future economic collapse, Central Bank Governor Riad Salameh told Reuters on Monday.
In Beirut, I Can No Longer Get American Dollars Out of the ATM. This Is What It Tells Me about Lebanon’s Economy
I sniffed something was wrong in Lebanon when the central bank governor Riad Salame announced to us all that there were plenty of dollars in the system. No shortages. No tightening of the purse strings. I still have the papers with his announcement on page one.