| 2 October 2022, Sunday |

Will the dollar exchange rate be fixed at 20,000 LBP?

After the dollar exchange rate reached record levels surpassing 33,000 LBP, it declined more than 10,000 LBP revolving around 20,000 LBP and causing a shock in the market.  This drop broke all anticipations regarding the unprecedented collapse of the pound without ceilings.

The decline in the exchange rate of the dollar is linked to Central Bank Governor Riad Salameh’s announcement for Circular No. 161, so what is the real goal behind this step?

Will the dollar exchange rate continue declining and for how long?

The process of pumping or circulating dollars will not last for long, and it will end sooner or later. After that, the dollar exchange rate can be monitored, and it will be known whether it will raise or continue to decline.

  • Sawt Beirut International