Al-Braks: Ships to Unload Today, BDL Policy Still Ambiguous
Member of the Syndicate of Station Owners, George al-Braks, confirmed on Monday that "the indications point to an agreement to unload the cargo of (gasoline) ships parked at the Lebanese shores today.”
He assured that gasoline will be distributed, which will lead to an “increase in the number of stations that will operate normally, and a decrease in the queues that we have been seeing in the streets lately."
Al-Braks pointed out that "this is not a radical solution because it is related to the Central Bank, whose policy is still ambiguous.”
“We do not know if Banque du Liban will commit to giving approvals to importing companies on an ongoing basis and in quantities that are sufficient for the local market,” al-Braks added, noting that BDL “has obtained the exceptional approvals from the political authority.”
He considered that “the opening of the lines of credit by the Central Bank in a smooth and continuous way to be able to import sufficient quantities of fuel, is a prerequisite for ending queues, reviving the economy, and encouraging expatriates to come,” in addition to the issue of “controlling smuggling, storing and the black market.”
Source: Naharnet
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