Lebanon Debate: Analyzing Economic Pressures and Currency Stability Amidst Political Challenges

2024-03-19 14:05:17

“Lebanon Debate”

Lebanon continues to face the pressures that are accumulating on it from various sides, which are considered different types of wars against it. In addition to the security war on the southern borders and the enemy lurking in it, a war of another kind, purely economic, is being championed by the United States of America, which is exercising all types of intimidation to shake the economic situation from New, but not the least, is the visit of the US Treasury delegation to Beirut and its attempt to attack financial institutions, in conjunction with a surprising classification of the Lebanese pound from an international financial institution. Today, there are hints that Lebanon has been placed once again on the gray list.

From this standpoint, economic expert Ahmed Jaber said in an interview with “Lebanon Debate” that “Lebanon is still under the roof of indirect or undeclared sanctions being imposed on Lebanon,” considering that “this is a form of pressure in order to achieve primarily political goals.” “.

Here, Jaber points out that “everyone knows about the Bloomberg report, which considered that the Lebanese pound is the worst in the world,” stressing that “this statement in itself threatens the economy and thus the Lebanese pound more and more, which indicates that they did not take into account the dramatic results that could be possible.” This could result from such a report and classification.

It is surprising that “this classification comes at a time when Lebanon is experiencing a kind of monetary stability, that is, stability in the exchange rate of the national currency, as it has a stable period of time between 89 and 90 thousand. This indicates a kind of stability despite all the circumstances surrounding the region, and therefore despite “There are threats to the region’s currencies as a result of the war on Gaza, as well as the security situation in Lebanon, but the Lebanese pound remains stable at this point.”

Jaber believes that “the issuance of a report of this kind may inevitably lead to a further collapse of the currency, and thus the flight of investments, etc., and a greater loss of confidence in the national economy, but Lebanon appears to have sufficient immunity to face such a challenge and such a report.”

As for today’s waving of the shooting list, it places it within the category of pressures that are still continuing, and attempts are also continuing to weaken and undermine Lebanon more and more, especially since Lebanon today faces a security challenge related to Israeli threats, the repeated Israeli bombing of southern Lebanon, and the scandalous attacks that occur in public. And a politician related to the election of a president of the republic and the state of political stability in the country. If yes, this is a form of pressure. The war is not just a war of cannons or just marches. There is a war related to currencies and the economy by striking it.”

But Jaber stresses that “these attempts are not new to Lebanon, as for a long period of time the United States of America has been trying to undermine the Lebanese economy in one way or another, and what happened in Lebanon during the last four years is evidence that there is some kind of programmed planning or programmed change to the economy.” Lebanese, followed by and thus Lebanese society.

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