Aoun Summons Salameh over Lifting of Fuel Subsidies
President Michel Aoun summoned on Thursday Central Bank Governor Riad Salameh after his decision to lift subsidies on fuel, the Presidency said.
The bank had said overnight it will provide a line of credit for fuel importers at market price, ending subsidies on the scarce resource.
The move is likely to send prices soaring in a country already in the throes of an economic crisis.
Source: Naharnet
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://www.naharnet.com/stories/en/283176 |