BEIRUT – Lebanese central bank governor Riad Salameh said the bank is ready to use its mandatory reserves to finance fuel imports if the necessary legislation is passed, adding that this could be done quickly.
In an interview broadcast on Saturday according to Reuters, Salameh said central bank reserves stood at $14 billion.
He said the formation of a new government with a reform program was another way to resolve the crisis in Lebanon, which is suffering crippling fuel shortages.
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