Khazen

 

BEIRUT: The biggest obstacle facing Lebanon’s economy lies in the fall of oil prices, which reduces the remittances it receives from Gulf countries, Central Bank Governor Riad Salameh said.

But he said the bank is introducing measures to prevent a crisis from erupting.

“The most notable of economic challenges that Lebanon and the Lebanese Lira will face in 2015 is the decrease in oil prices, which affects the economies of the Gulf,” Salameh said in remarks published Monday.