| 29 February 2024, Thursday |

Salam: We will fix the dollar exchange rate at 12,000 Lebanese pounds

The Minister of Economy and Trade, Amin Salam, explained that “The priority of the IMF is to address the issue of Lebanon’s failure to pay debts, and to protect the rights of depositors, especially small ones, in addition to developing a comprehensive economic plan that includes new figures that determine the size of losses.”

He suggested that “a Memorandum of understanding with the International Monetary Fund will be reached before the end of the year.”

As for the economic situation and living conditions in the country, as well as the flight of the dollar exchange rate, Salam revealed, “The government will work to control the dollar’s evasion and its stability at the price of 12,000 pounds in the coming months.”

He also explained, “The opening of the door for aid again to Lebanon is linked to our commitment to negotiations with the International Monetary Fund, and the coordinator of international aid for Lebanon, Ambassador Pierre Dukan, who previously visited Beirut and gave positive messages that the CEDRE money (an international conference organized years ago under the auspices of France to Aid to Lebanon) is still present, but its action depends on how positively we will deal with the IMF, in addition to our commitment to carrying out the reforms they demand.”

  • Sawt Beirut International