May 21, 2020 / 9:50 AM / 13 days ago

Lebanese central bank to provide dollars for essential food imports

BEIRUT, May 21 (Reuters) - Lebanon’s central bank said on Thursday it would start taking “necessary measures” to defend the local currency as of May 27, including providing dollars for essential food imports.

Prime Minister Hassan Diab said earlier that the central bank governor had promised to intervene to protect the Lebanese pound, whose declining value has hiked the price of food and other commodities. (Reporting by Ellen Francis; Editing by Alison Williams)

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