Lebanon not on verge of bankruptcy: Bank Du Liban head

BEIRUT: The governor of Lebanon’s Central Bank, Riad Salameh, Wednesday played down comments made recently suggesting that Lebanon was on the verge of bankruptcy.

“Talk about bankruptcy is political exaggeration and the currency is safe and Lebanon is safe,” Salameh told LBCI Wednesday.

The BDL head’s comments came days after Maronite Patriarch Beshara Rai relayed that President Michel Aoun had said the country was bankrupt.

Aoun met Rai last Friday. The patriarch noted that the president and the government had “boosted international confidence in Lebanon,” in an apparent reference to international donor conferences aimed at garnering support for Lebanon’s Army, security forces, economy and infrastructure.

But following the sit-down at Baabda Palace, he also said, “The country is bankrupt, as the president told me. This means that the efforts of everyone are required to control [public] money and [curb] corruption.”

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