2023-06-05 15:01:32
The economist, Dr. Ahmed Jaber, said, “When the atmosphere turns to a glimmer of hope for stability, and when any positive political step takes place, we see that the price of the dollar on the lira has reflected positively, as the price of the lira is closely linked to the political situation in Lebanon in the first place.”
In an interview with the “Lebanese Debate”, Jaber said: “The price of the lira is naturally related to the economic situation, but the political situation is the one that prevails over the economic situation, so when Parliament Speaker Nabih Berri called for an election session on June 14, we saw that the course of the dollar went downward.” positive.”
And he pointed out that “Lebanon is in the summer tourist season, which is expected to generate about $6 billion for Lebanon, which reflects positively on the exchange rate,” noting that “the economy in Lebanon has become a monetary economy, so the investor has begun to invest with his saved dollars, And there has been an economic movement in the market.”
And he considered that “money has lost its important function as a saving tool, or a storehouse of value, and thus this moved the market, as there are many professions that were not working in a period of time and their market was very weak, but today this market has returned to work, because the citizen moves his money today so as not to You stay at home, the market here has indirectly benefited.”
He pointed out that “the political stability in Syria and its return to the Arab League left its positive repercussions on the situation, and the smuggling of dollars from Lebanon to Syria decreased, as the amount of dollars in Lebanon began to interact in the market, to the extent that the money changer’s work is less today in light of the dollarization of prices,” stressing That “the market today is no longer as hungry for the dollar as it was in the past.”
He said, “If a president is elected in the next session, this matter will reflect appropriately on the exchange rate and may decrease by about 20,000 pounds, but if the political factor is removed from the economic situation, the dollar will reach 50,000 pounds and settle and take Considering the economic reality away from the political situation, here the role belongs to the economic effort.
And about the intimidations that the dollar will reach 200 thousand pounds? Jaber replied: “Today we must restore confidence in the national currency, and its restoration should not be through spreading rumors and marketing them that the lira will collapse more against the dollar and therefore the dollar will rise, as this harms the lira and the economy, so things must calm down, and say that the atmosphere is improving in the Arab region, and we are waiting This atmosphere will be reaped when a president is elected,” noting that “the positive results in the region will inevitably reflect positively on the exchange rate of the national currency.”
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