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  Lebanese central bank effectively ends the fuel subsidy from Thursday and enforces a credit based transaction for fuel imports which will be entirely based on the market price for the Lebanese pound. The country fuel subsidies for the people but after the financial crisis drained its reserves that have been immensely exploited over the period of two years, the central bank has decided to end the subsidy. This move was announced on Wednesday, late at night and that meant that from the very next day, the fuel prices will see a steep rise. The Lebanese media made rough resorts on how much of changes will ending subsidies bring to the fuel prices. They said that the price of unsubsidized 95 octane gasoline will be roughly four times the subsidized price. The currency of the country has lost more than 90 percent of its value in less than two years and even the World Bank has described it as the sharpest depression in modern history. Talking about the recent line of moves...