Lebanon's central bank says dollar peg finished but floatation depends on IMF talks

Reuters | Beirut | Updated: 09-01-2021 01:33 IST | Created: 09-01-2021 01:23 IST
Lebanon's central bank says dollar peg finished but floatation depends on IMF talks
Representative image Image Credit: ANI

Lebanon's central bank governor Riad Salameh said on Friday the era of the dollar peg was finished but said any floatation of the currency would depend on negotiations with the International Monetary Fund. Salameh made his comments in an interview with France24.

When asked in the interview whether the era of the dollar peg was finished, Salameh replied: "The peg is finished." Asked whether this meant the currency would now be floated, Salameh told Reuters his comments were circulated "out of context".

"I said depending on the IMF, precision is important," he said. (Reporting By Ellen Francis, Laila Bassam and Maha El Dahan)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Addressing conflict-related sexual violence at long last

... ...

Why unequal access to coronavirus vaccines is a threat to us all

... ...

India’s love affair with fossil fuels: the path to sustainable development?

... ...

Videos

Latest News

U.S. revokes sanctions waiver for Israeli mining magnate Gertler

The United States on Monday revoked a sanctions waiver for Israeli mining magnate Dan Gertler that was issued in the last days of the Trump administration.The Treasury Department said exempting Gertler from sanctions was inconsistent with A...

Lebanese army fires at Israeli drone flying over Meiss Ej Jabal post - Al-Manar TV

The Lebanese army fired at an Israeli drone flying over an army post in Meiss Ej Jabal, Lebanese Hezbollahs Al-Manar TV said late on Monday.Israeli forces fired flares at the border with Lebanon, near Meiss Ej Jabal, but no injuries were co...

Wrongful death suit filed on behalf of Daniel Prude's kids

Attorneys for the five children of Daniel Prude, a Black man who died after being restrained by police during a mental health episode, announced a federal lawsuit Monday against the city of Rochester and at least six police officers, allegi...

Jet leasing shake-up looms as AerCap and GE unit discuss tie-up

Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Cos GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people familiar with the mat...

Give Feedback