- July 7, 2022
- Posted by: Stratford Team
- Category: Economy
The dollar exchange rate in Lebanon continues its daily fluctuations, sometimes these fluctuations are logical and at other times they are outside the economic logic and the laws of supply and demand. This exchange rate is controlled by the Banque du Liban, commercial banks, money changers, and speculators.
“Although the Banque du Liban intervened several times to try to curb the deterioration in the exchange rate of the Lebanese pound, this intervention did not succeed, as the dollar exchange rate in Lebanon became a tool to stifle the Lebanese in the game of political axes and regional wars.”
The Lebanese markets witnessed devious and cunning methods to withdraw the dollar from the hands of the people, and at the end of each month, there is a decrease in the exchange rate of the dollar, which pushes the dollar holders to sell it for fear of the continued deterioration of the Lebanese pound more and more. However, those who control the…