| 20 May 2024, Monday |

Why is there such a sharp spike and decrease in the value of the dollar in a single day?

What rate will the black market dollar going to reach? Despite the start of implementing the financial measures that the Banque du Liban began adopting to restrict speculation on the black market, the dollar is approaching the 29,000 Lebanese pounds.

Necessarily the case, the Banque du Liban’s pumping of dollars to banks within the framework of their share to sell to traders on an exchange platform will slow the dollar’s rapid rise, but nothing will change anytime soon except for a new decline in the amount of foreign currency reserves in the Banque du Liban’s coffers.

Consequently, as the political crisis has come to an end and the Lebanese currency has been driven to an upswing in the Banque du Liban, the dollar is on its way to breaking additional records, as seen by the fresh 100,000 notes that have been withdrawn from banks in the last two days.

Now are gonna witness the Big Financial explosion in the upcoming year?

  • Sawt Beirut International