Dollar Market Sources Revealed: Money Changers Limiting Purchases, Anticipation Builds for Banque du Liban’s Actions

2023-08-03 05:45:32
Sources in the dollar market revealed to “Lebanon 24” that most money changers have reduced dollar purchases from citizens during the past hours, due to the lack of sufficient quantities of Lebanese pounds for them to meet large money transfers.

The information indicated that the money changers are currently committed to the ceiling of the current dollar pricing, which is equivalent to 89,000 Lebanese pounds, explaining that there is great anticipation among activists in the dollar market regarding what the Banque du Liban may do successively during the next stage, and she added: “No party can currently move freely.” As it used to happen before.. Therefore, large traders cannot move the price of the dollar upwards whenever they like, because the tools of the Banque du Liban to curb the price may be sudden, especially with the Acting Governor of the Banque du Liban, Wassim Mansouri, assuming the duties of governance two days ago.
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