Lebanon

Lebanon to Discuss Law Allowing C.Bank to Keep Subsidizing Fuel

The Lebanese government will discuss a law Thursday allowing the central bank to use its mandatory reserve to keep subsidizing fuel imports after the bank decided to halt a subsidy that has drained its coffers, a ministerial source said. The government attacked governor Riad Salameh over the decision announced late on Wednesday, calling it a unilateral move that would have serious consequences as Lebanon grapples with a crippling financial meltdown.

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