Lebanon Needs Solution in Days to Avoid Economic Crisis, Says Central Bank Governor
- Governor says change in cabinet needed to restore confidence
- Banks have been closed for over a week due to protests
An army armored personnel carrier removes a garbage container set on fire by protesters in Beirut on Oct. 28.
Photographer: Hussein Malla/AP Photo
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Lebanon’s central bank governor warned on Monday that a political solution was needed within “days” to avoid economic collapse and restore public confidence after 12 days of anti-government protests that have forced banks to close.
In an interview with CNN, Riad Salameh said that a change in government was needed to restore confidence and ensure that financial inflows -- which have already slowed this year -- do not dry up.