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The Independent UK
The Independent UK
National
Abby Sewell

Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegations

Copyright 2023 The Associated Press. All rights reserved

The Lebanese official heading talks with the International Monetary Fund to bailout Lebanon's tanking economy called Thursday for the country's embattled central bank chief to resign, amid allegations of corruption and an international arrest warrant issued against him.

Once seen as the guardian of Lebanon’s financial stability, Central Bank Gov. Riad Salameh is now widely blamed for an economic meltdown that began in 2019. The Lebanese pound has since plunged in value and partly wiped out the savings of ordinary Lebanese, plunging an estimated three-quarters of the population into poverty.

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