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Fuel unions accuse: Banque du Liban at the root of the shortage

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The president of the fuel sector workers union Walid Dib has accused the governor of the Bank of Lebanon by name of being behind the price delays to pay for the import of gasoline, which is said to be the cause of the shortages. current market.

There is no justification for these crises except that the governor of the Banque du Liban is delaying the payment of the value of the imported fuel.

Walid Dib, May 25, 2021
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The union official recalls that the fuels are only unloaded after payment of the sums due. He then estimates that importing companies cannot deliver to distributors and stations for fear of running out of stock.

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He thus calls on local officials to reveal the background of the case and designate the people responsible for these delays.

As a reminder, two weeks ago, the governor of the Banque du Liban Riad Salamé confirmed that the correspondent banks of the BdL had decided to close a number of its accounts because of the increased risk of default on the part of the latter.

This would notably be the case – for the Banque du Liban – with dollar accounts with Wells Fargo, sterling accounts with HSBC, Swedish krona with Danske and Canadian dollar accounts with CIBS.

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