2024-01-10 15:36:03
“Lebanon Debate”
The issue of the bank dollar rate is a controversial subject. Despite the expiration of the effects of Circular 151, it remains in effect until now, awaiting what the 2024 budget may bring about unifying the exchange rate.
Rumors spread today saying that the Central Bank will raise the exchange rate of the banking dollar to 35,000 Lebanese pounds.
How true is this? Did the Central Bank actually take the decision to raise the price?
Economic researcher Dr. Mahmoud Jabbai explained in a call with “Lebanon Debate” that “the governor of the bank, Dr. Waseem Mansouri, did not issue any decision or circular in this regard.”
He says: “This matter is not true at all, and the governor is committed to what he previously announced, that this matter is being addressed by the government by setting a new price in the 2024 budget and through the parliament, which is obligated to approve the Capital Control Law.”
Dr. Jabaei recalls that, “It was previously made clear that this matter has become within the powers of the Council of Ministers as well as the power of the House of Representatives by approving the budget that is supposed to unify the exchange rate.”
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