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Title : Hezbollah Accuses The U.S. For Lebanon's Economic Crisis. Wants Chinese Bailout
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Hezbollah Accuses The U.S. For Lebanon's Economic Crisis. Wants Chinese Bailout

Reuters: Hezbollah leader says dollar injections needed, accuses U.S. of deepening shortage

BEIRUT (Reuters) - Lebanon’s Hezbollah leader Sayyed Hassan Nasrallah said on Tuesday that dollar injections were needed to shore up the pound currency and accused the United States of preventing dollars from reaching the crisis-hit country.

A dive in the pound currency last week sparked fresh protests in Lebanon, prompting the government to announce that the central bank would begin injecting scarce dollars into the market this week to reverse its fall.

Central Bank Governor Riad Salameh said on Tuesday the central bank was working with money changers to gradually reduce the dollar price but has not commented on whether dwindling reserves had yet been deployed to boost the pound.

In a televised address, Narallah said the United States had blocked dollars from reaching Lebanon, worsening a shortage that has hiked prices.

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Update #1: Hezbollah leader accuses US of trying to 'starve' Syria, Lebanon (France 24)
Update #2: Lebanon: Hezbollah chief threatens US for calling for group's disarmament (i24 News)

WNU Editor: China will have a lot of strings attached .... Hezbollah head prefers China to IMF for Lebanon bailout (Asia Times).

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