Hospitals in Lebanon face shutdown risks amid foreign currency shortage: Report

ANI
26 May 2022, 23:55 GMT+10

Beirut [Lebanon], May 26 (ANI/Xinhua): Lebanon's syndicate of private hospitals warned on Thursday that many Lebanese hospitals are facing the risk of shutting down because of a shortage of foreign currency to buy equipment and medicines, the Elnashra news website reported.

"Hospitals are unable to secure U.S. dollar funds to buy necessary equipment and materials amid current restrictions on cash withdrawals by banks," Suleiman Haroun, head of the syndicate, said during a sit-in protest staged by hospital representatives near Lebanon's central bank.

Haroun also noted that hospitals have been unable to secure their workers' rights because of a shortage in liquidity.

He urged the Central Bank of Lebanon to release hospitals' funds to banks to save the health sector from an imminent collapse.

The ongoing unprecedented financial crisis in Lebanon has forced the central bank to place heavy restrictions on U.S. dollar withdrawals, weighing heavily on both businesses and individuals. (ANI/Xinhua)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.

More Information

18 ℃

null in Dekelia

International Business

Section

UK government pledges action after inflation rises 9.1% in May

LONDON, England: Surging food prices in the UK pushed consumer price inflation to 9.1 percent last month, a 40-year record ...

Two years to reduce inflation to 2 percent, predicts Fed's Mester

CLEVELAND, Ohio: It will take two years for U.S. inflation to fall to the central bank's 2 percent target, Cleveland ...

EU, India hope for free trade agreement by 2023, says officials

NEW DELHI, India: The European Union and India have relaunched talks to implement a free trade agreement, aimed to be ...

In major expansion, Air India weighs purchase of 300 jets

NEW DELHI, India: Industry sources have said that Air India is in talks with Airbus and Boeing for the possible ...

Biden to speak with China's Xi, deciding on easing tariffs

WASHINGTON, D.C.: U.S. President Joe Biden has said that he is planning to speak with Chinese President Xi Jinping soon, ...

AMC shareholders vote against $19 mln pay package for CEO's

LEAWOOD, Kansas: Shareholders of AMC Entertainment have rejected proposed executive compensations, including $19 million for CEO Adam Aron. The rejection ...

Mediterranean

Section