The Governor of the Banque du Liban, Riad Salameh, issued a statement declaring that “on the basis of Articles 75 and 83 of the Monetary and Credit Law, the Banque du Liban, through an exchange platform, will only sell the US dollar, to starting next Tuesday, knowing that thereafter and until further notice he will not be a dollar buyer through the platform. ” “.
As soon as the statement came out, the US dollar exchange rate fell by nearly five thousand Lebanese pounds and the analysis was conducted by experts and observers of the Lebanese market. Knowing that the bank mainly sold the US dollar, what was new in the statement?
It is not the first time that the Central Bank has intervened through statements and circulars, but so far it has not taken any steps until tomorrow, Tuesday, according to the release.
Why did the bank make this statement? And what has he been doing in the last few weeks?
Detail with economic and financial affairs expert, Dr. Hassan Hamada, in a special speech for the Al-Manar website.
Graphic: Ali Kajk
Source: Al Manar website
