Lebanon’s Berri urges review of steps to protect collapsing currency – ZAWYA

Lebanon’s Berri urges review of steps to protect collapsing currency – ZAWYA

Lebanon's Berri urges review of steps to protect collapsing currency Lebanon's Berri urges review of steps to protect collapsing currency | ZAWYA MENA Edition HomeEconomyLevantArticleLebanon's Berri urges review of steps to protect collapsing currency Berri also said Lebanon would not get a penny from the International Monetary Fund or any donor state unless it carried out reforms    Lebanese Speaker of the Parliament Nabih Berri attends a legislative session in a theatre hall to allow social distancing amid spread of the coronavirus disease (COVID-19), in UNESCO Palace building in Beirut, Lebanon April 21, 2020. BEIRUT- Parliament speaker Nabih Berri urged Lebanon's government, central bank and commercial banks on Wednesday to declare a "financial state of emergency" and review all steps to protect the collapsing currency.He also said Lebanon would not get a penny from the International Monetary Fund (IMF) or any donor state unless it carries out reforms, at the forefront of them accelerating an overhaul of its loss-making electricity sector.The Lebanese pound has lost about 75% of its value since October, when long-brewing economic troubles mushroomed into a financial crisis regarded ass the biggest threat to Lebanon since its 1975-1990 civil war.He also said Lebanon would not get a