Lebanon's politically influential Maronite Christian patriarch backed the long-serving central bank governor on Sunday, after the prime minister cast bank chief Riad Salameh as responsible for a currency crash that worsened sharply in recent days.
BEIRUT - Lebanon’s politically influential Maronite Christian patriarch backed the long-serving central bank governor on Sunday, after the prime minister cast bank chief Riad Salameh as responsible for a currency crash that worsened sharply in recent days.
Currency changers have gone on strike and the parliament speaker urged the government to use “legal powers” to halt the fall in the pound. The past two days have seen bomb and firebomb attacks on banks, although there were no reports of injuries. Lebanon is governed according to a sectarian political system that parcels out state positions according to religious group. The central bank governorship is reserved for a Maronite Christian while the premier is always a Sunni Muslim.
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