Sunday , September 26 2021

The governor of the Banque du Liban, Riad Salameh, is outspoken with the Lebanese.



Banque du Liban Governor Riad Salameh issued a statement saying: “I am interested in telling the Lebanese people some facts so that they are aware of what is happening, especially in the face of those who are exploiting the financial, economic and social crises with an indescribable greed. “

He added: “Therefore, despite the accuracy of economic and monetary conditions, despite our insistence on respecting mandatory investment and Article 91 of the Monetary and Credit Act, and despite the catastrophic consequences of the failure of the State since 2020 in paying its foreign resources debts, we have taken all possible steps in light of these circumstances to be alert to how to sell dollars to importers and how

its distribution and management, putting as an absolute priority the interest of the citizen ”.

And he continued: “On this basis, the Banque du Liban, during the month of July 2021, for example, sold:

$ 293 million and previous approvals of $ 415 million, a total of $ 708 million for gasoline and diesel imports.

In addition to $ 120 million to import fuel from Electricité du Liban, a total of $ 828 million to import fuel.

In his statement, Salameh said: “Despite all this, and despite all the support provided by the Banque du Liban and its insistence on trying to protect the social security of Lebanese and ensure the minimum level of their needs, despite criticism In this situation, Lebanese still suffer from a shortage of diesel, for example, to the point of losing it.At the official subsidized price and the emergence of a black market through which Lebanese are blackmailed of their most including electricity through generators, and this has dangerous consequences for hospitals and for the hospital and food security of Lebanese, due to the insistence of traders on smuggling or storage for sale on the black market. , by not taking strict measures on the part of these, concerned with stopping the suffering of the citizens.

Based on all this, Salameh confirmed at the conclusion of his statement that “the solution is not to try to hold these vital crises accountable to the Banque du Liban, which has assumed and exercised its functions and has not been late in assuring funding, but the solution is for stakeholders to take responsibility for ensuring that this support is provided to citizens directly instead of going to the black market. “




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