Lebanon central bank to secure US dollars
Bank of Lebanon aims to buy the foreign currency at a fixed rate to pay for imported goods and ease food and fuel shortages.
Lebanon‘s central bank says it will secure US dollars at a fixed rate to pay for imported goods, in a bid to ease food and fuel shortages, as well as demand on the dollar.
But many now fear a drop in the value of the local currency will worsen an already dire economic situation.
Al Jazeera’s Zeina Khodr reports from Beirut.
Published On 1 Oct 2019