SAWT BEIRUT INTERNATIONAL

| 18 August 2022, Thursday |

Lebanese currency: Its cost greater than its value

The dollar rises, the value of the national currencies declines. The dollar falls, its value does not rise. An equation that summarizes the monetary scene.
Printing banknotes has become unnecessary, with the rise of the dollar exchange rate. The cost of printing the local currency at the Banque du Liban has become more than its value in the markets.
Will the solution be, by printing other banknotes, like a million?
The expert in monetary and financial economics, Layal Mansour, stressed the difficulty of restoring confidence in the Lebanese pound in the next stage.
Paper currencies are present in the markets, but the confidence of the inside and the outside is absent, and their purchasing power is absent.
So, will the lira ever return to its glory?

    Source:
  • Sawt Beirut International