SAWT BEIRUT INTERNATIONAL

| 9 May 2024, Thursday |

“Here are the reasons behind black market dollar soaring rate,” says Ajaka to SBI

The economic expert, Professor Jassem Ajaka, said in an interview with the Sawt Beirut International that the political ambiguity after the change in the balance of power in the new parliament, and the fear that these new forces would agree on the economic and political approach led to an increase in the dollar exchange rate, in addition to talking about the possibility of The Banque du Liban suspended Circular No. 161 at the request of the government, which led to fears that dollars would not be available in the market.

This matter was exploited by some traders and money changers who are speculating on the Lebanese pound.

As for how to curb the rise of the dollar, Ajaka pointed out that it is done through activating the supervision by the state agencies.

Among the negative political scenarios, Ajaka highlighted the possibility of disagreement over forming a government due to a dispute over being composed of political or technocrats figures, or because of a dispute over quotas or a dispute over the blocking third or the ministerial statement, pointing out that the delay in forming the government will be reflected in negotiations with the IMF. Internationally, the situation will deteriorate further on the economic level, meaning that we are in a campaign of very large depletion of dollars.

 

    Source:
  • Sawt Beirut International