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May 27, 2021 at 2:59 pm | Published in: Lebanon, Middle East, News The Central Bank of Lebanon [Karan Jain/Flickr] May 27, 2021 at 2:59 pm Lebanon s central bank said today that a system for importing subsidised medical goods could not be sustained without using its mandatory reserves and asked the relevant authorities to find a solution to the problem, Reuters reported. Lebanon, which in the throes of a financial crisis that is threatening its stability, has been subsidising fuel, wheat, medicine and other basic goods since last year. In a statement issued after caretaker Health Minister Hamad Hasan said he had visited the bank asking for the release of funds for essential medicines to no avail, the central bank said it would not dip into its mandatory reserves to cover the $1.3 billion cost of the subsidised medical supplies.

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