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The governor of the Banque du Liban, Riad Salameh, confirmed in an interview on the Al-Hurra channel with the media outlet, Layal Al-Ekhtiar, that “there is a possibility of solving the subsidy crisis without reducing the reserve ratio. , but the government must take the necessary measures, “noting that” basic products are sold to the Lebanese at a price of one dollar for 1,500 Lebanese pounds.
Salameh explained that “there is still more than 2 billion dollars to be used in support” and said: “We will not touch the legal reserve.”
The governor of the Central Bank indicated that “$ 30 billion of deposits in Lebanese banks were withdrawn in one year”, explaining that “imports and the deficit contributed to pressure the liquidity in dollars in Lebanese banks”. And he said: “The funds that came from the central bank abroad. It’s for import only. “
In addition, Salameh revealed that the depositors’ money is not in the Central Bank, indicating that the dollar crisis in Lebanese banks has started to gradually subside. The central bank lent the state and most of this debt in Lebanese pounds. “
On the subject of liberalization of the lira exchange rate, Salameh said: “This price is determined by an agreement between the Minister of Finance and the Governor of the Bank of Lebanon, and we will see the policy of the next government because the Central Bank does not you can decide the exchange rate yourself. “
He added: “Multiple lira prices affected purchasing power. We do not have an effect on the black market, which affects purchasing power because traders depend on their prices to set the price of goods.”
However, Salameh clarified that “reports that the Bank of Lebanon had laundered money for Hezbollah are inaccurate” and said: “We have nothing to do with Hezbollah banks as they are not licensed by the Central Bank.”
