Lebanon reinstates lockdown amid economic crisis

  • Date: 11-Nov-2020
  • Source: Arab News
  • Sector:Economy
  • Country:Lebanon
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Lebanon reinstates lockdown amid economic crisis

Lebanon reinstates lockdown amid economic crisis

Lebanon reinstates lockdown amid economic crisis

Lebanon reinstates lockdown amid economic crisis

Lebanon's President Michel Aoun (C) chairing a meeting of the Supreme Defense Council at the presidential palace in Baabda, east of the capital Beirut on November 10, 2020. (AFP)

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Lebanon reinstates lockdown amid economic crisis

Lebanese banks still control 90 percent of the circulation, which helps the country avoid additional increases in inflation rates

Updated 11 November 2020

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BEIRUT: As he met with a delegation from the Association of Depositors in Lebanon on Tuesday, the country's central bank governor, Riad Salameh, stressed: "Lebanon is not bankrupt.“

The governor continued: "However, the financial sector is suffering due to the repercussions of the regional crisis that Lebanon has not been able to break free from, organized smear campaigns that were