Skip to Content

Anger in Lebanon over central bank ending of fuel subsidies

Andrew Cuomo

By BASSEM MROUE
Associated Press

BEIRUT (AP) — Protesters have closed roads in different parts of Lebanon, angry over the central bank’s decision to end subsidies for fuel products. The decision is likely to hike prices of almost all commodities amid a paralyzing economic crisis. The outgoing prime minister described the decision by the central bank’s governor as “irresponsible” and illegal and vowed during a meeting with Cabinet members to keep going with the subsidies. The move had been anticipated for months as the bank’s reserves dry up. However, politicians on Thursday distanced themselves from the decision and criticized the central bank’s governor, Riad Salameh.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content