Central Bank governor Riad Salameh, right, attends the joint committees meeting at the Parliament in Beirut, Monday, April 7, 2014. (The Daily Star/Hasan Shaaban)
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Private school teachers joined a major protest on March 21 to reiterate their demands for a salary raise. Hanna Gharib, head of Secondary Teachers Associations, confirmed that teaching staff would continue protesting until the new salary scale was approved, threatening to boycott official exams and start an open strike. Finance Minister Ali Hasan Khalil is planning to introduce new taxes in his 2014 draft budget in order to finance the proposed salary scale, which is expected to cost the government more than $1.6 billion each year. Echoing similar fears, the head of the Lebanese Insurance Association Asaad Mirza said that the salary scale of 1992 had a very bad impact on the exchange rate of the Lebanese pound to the U.S. dollar, at one point reaching LL3,000 .
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