BDL Reportedly Rejects to Finance Gasoline Shipment
The central bank has agreed to open lines of credit for bringing two diesel shipments into the country, al-Jadeed TV said on Tuesday.
The two shipments will be subsidized at a rate of LBP 3,900 for the dollar and have been imported by the Liquigas and Uniterminals companies, al-Jadeed added.
The shipments, containing 80 million liters of diesel, can meet the market’s needs for five to six days, the TV network said.
The central bank meanwhile refused to open a line of credit for a 40-million-liter gasoline shipment needed by the market, al-Jadeed added.
18 August 2021, 08:47
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The central bank should have done that long ago; but, it is better late than never. It's the right step in the right direction. I am not a fan of Salameh, and believe he had been the lousiest governor even when compared to poorer countries. This guy doesn't know anything about protecting the banking sector, which is his top priority. He's lousy and useless. But, I don't condone his firing now, because the successor would squander all the monies of the depositors as he would be a puppet in the hands of this old man Aoun. Salameh is now called upon to clear the mess he himself have created.
