Naharnet

Report: Salameh to address lira crash, banks to end strike

Contacts were held over the past 48 hours between senior officials and political leaders, especially Speaker Nabih Berri and caretaker PM Najib Mikati, in a bid to defuse the tensions related to the latest Lebanese currency crash and the banking sector strike, a media report said.

“Central Bank Governor Riad Salameh, who will chair a meeting for the bank’s central council tomorrow to discuss means to halt the monetary deterioration, had stressed in the latest financial meeting chaired by Mikati that any plan or measures in this regard would require ending the banks’ strike and their return to work,” ad-Diyar newspaper reported on Sunday.

“Mikati stressed that he would personally exert efforts and carry out the necessary contacts to address the situation with the banks so that they end their strike,” the daily added

“Over the past hours, he actually made contacts in this regards and there are advanced results indicating that banks are inclined to end their strike next week and that they may announce that tomorrow,” the newspaper said.


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