Nobody running Lebanon, says central bank boss

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  • C.bank chief hits back at criticism over fuel subsidy removal
  • After government criticism, says nobody running Lebanon
  • C.bank decided to end fuel subsidy on Wednesday, angering government

BEIRUT, Aug 14 (Reuters) – Lebanon’s central bank governor said nobody was running the country as he defended his decision to halt fuel subsidies that have drained currency reserves, saying the government could resolve the problem quickly by passing necessary legislation.

In an interview broadcast on Saturday, governor Riad Salameh pressed back against government accusations that he had acted alone in declaring an end to the subsidies on Wednesday, saying everyone knew the decision was coming. read more

Part of Lebanon’s wider financial meltdown, the steadily worsening fuel crisis has hit a crunch point, with hospitals, bakeries and many businesses scaling back operations or shutting down completely as fuel runs dry. read more

Deadly violence has flared in fuel lines,…

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