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2023-04-19 08:45:17
The economic expert, Mahmoud Jabai, announced that, “Raising the customs dollar in order to finance the increase in salaries and wages in Lebanese pounds is a wrong solution, expecting that the Banque du Liban will reduce its support for banking for individuals, and thus the exchange rate of the dollar on the black market will rise once more.”
“The compulsory reserve in the Banque du Liban should be $11 billion, and if we do not reach a radical political solution, we will not be able to reach an economic recovery,” Jabai said in an interview with “Sawt Al-Mada”.
He pointed out that, “The exchange rate may rise at any moment and dramatically, because the current solutions are not long-term.”
He added, “The printing of banknotes must be presented as part of a financial and economic recovery plan by the government.”
He pointed out that, “There is no depreciation in the exchange rate more than what is happening today, even if there is a political consensus.”
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