SAWT BEIRUT INTERNATIONAL

| 21 February 2024, Wednesday |

Black dollar heading downwards.

The black-market dollar continues to decline, as it ranged this Wednesday morning, between 27,350 Lebanese pounds for purchase and 27,300 pounds for sale.

The parliamentary committees’ session that was devoted yesterday to discussing “Capital Control”, failed to be hold due toa loss of a quorum.

Sharp criticism was directed at the Lebanese government’s proposed plan to be implemented with the International Monetary Fund to implement reforms in the banking sector.

For its part, the government had reservations about the details of the plan during negotiations with the IMF, but some provisions began to be leaked to the media.

On April 7, the International Monetary Fund announced that it had reached an agreement with Lebanon at the staff level regarding economic policies, in order to facilitate funding from the Fund for a period of four years.

    Source:
  • Sawt Beirut International