Lebanon’s central bank has said that a system for importing subsidised medical goods could not be sustained without using its mandatory reserves and asked the relevant authorities to find a solution to the problem. Lebanon, in the throes of a financial crisis that is threatening its stability, has been subsidising fuel, wheat, medicine and other basic goods since last year. In a statement issued on Thursday after caretaker Health Minister Hamad Hasan said he had visited the bank asking for the release of funds for essential medicines to no avail, the central bank said it would not dip into its mandatory reserves to cover the $1.3bn cost of the subsidised medical supplies. “This total cost t
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