SAWT BEIRUT INTERNATIONAL

| 29 February 2024, Thursday |

Noticeable decline in black dollar.

The black market dollar recorded a significant decline today, Friday, as it ranged between 26,900 Lebanese pounds for purchase and 26,800 pounds for sale.

The loss of the quorum prevented the session of the parliamentary committees devoted to discussing “Capital Control” from holding.

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 leak 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