Lebanese government, c.bank clash over fuel subsidies ...Middle East

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Lebanese government, c.bank clash over fuel subsidies
source : Devdiscourse ( Middle East ) () 23
Lebanon's government clashed with the central bank on Thursday over its move to end to fuel subsidies that have drained the currency reserves, saying prices must not change and subsidies must continue until measures were in place to help the poor. The loss of fuel subsidies would open a new phase in the financial crisis that has sunk the value of Lebanon's currency by more than 90% since 2019 and thrown more than half the population into poverty.

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