Lebanon PM pledges to stem devaluation, reduce food prices

Lebanon’s Prime Minister Hassan Diab pledged Thursday to stem devaluation and introduce subsidies on food imports, as his cabinet marked 100 days since it was formed to redress a free-falling economy. “I have been given a promise from the governor of the central bank that the central bank will intervene in the market as of today to protect the Lebanese pound and to curb the high dollar exchange rate,” Diab said in a speech to mark 100 days since…