June 12, 2020 / 1:38 PM / 24 days ago

Lebanon central bank to inject dollars from Monday to strengthen pound -president

BEIRUT, June 12 (Reuters) - Lebanon’s central bank will begin injecting dollars into the market beginning on Monday in order to strengthen the Lebanese pound, President Michel Aoun said on Friday, following a rapid fall in the currency in recent days.

Speaking at the start of a cabinet session, Aoun said huge losses to the financial system should not be borne by depositors but instead by the government, central bank and commercial banks.

Reporting by Eric Knecht; Editing by Catherine Evans

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