Lebanon needs a political solution to the country’s crisis in days to regain confidence and avoid a future economic collapse, Central Bank Governor Riad Salameh told Reuters on Monday.
He said a CNN headline on Monday did not reflect what he said in an interview with the broadcaster. “I am not saying that we are going to have a collapse in a matter of days. I am saying we need to have a solution in a matter of days to regain confidence and avoid collapse in the future.”
Salameh said that the local currency peg to the dollar will be maintained and that when banks in Lebanon re-open, “there is no capital control and no haircut.”