Lebanon's Aoun summons c.bank governor after decision to end fuel subsidy
BEIRUT, Aug 12 (Reuters) - Lebanese President Michel Aoun summoned central bank governor Riad Salameh on Thursday after the bank decided to effectively end subsidies on fuel imports, the presidency said on Twitter.
In a decision announced late on Wednesday, the central bank said it would offer credit lines for fuel imports based on the market price for the Lebanese pound from Thursday, effectively ending a fuel subsidy that has drained its reserves since the country descended into financial crisis.
(Reporting by Nafisa Eltahir; Writing by Tom Perry; Editing by Jacqueline Wong)
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