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Lebanon Dollar Crunch Blamed on Imports as Salameh Stands By Peg

  • Central bank to supply banks with enough dollars for importers
  • Fuel, wheat industries warned of shortages on lack of dollars
Traffic passes the Mohammad Al-Amin mosque in Beirut.

Traffic passes the Mohammad Al-Amin mosque in Beirut.

Photographer: Patrick Mouzawak/Bloomberg

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Lebanese central bank Governor Riad Salameh attributed the recent hike in demand for dollars to increased imports and affirmed the country’s commitment to its decades-old currency peg.