The black market dollar exchange rate may drop below 10,000 pounds in this case!

The black market dollar exchange rate may drop below 10,000 pounds in this case!
The black market dollar exchange rate may drop below 10,000 pounds in this case!

Economist Jassem Ajaqa expected a drop in the dollar exchange rate to below 16,000 if the government is formed. He also indicated that it might drop below 10,000 with the start of consultations with the International Monetary Fund and the implementation of reforms. In an interview with the Voice of All Lebanon, Ajaqa warned against not forming a government, as he expected the dollar to get out of control and reach very high levels, considering that there is a clear plan to withdraw the dollar remaining in people’s hands by raising the black market dollar.
Regarding the decision of the Banque du Liban regarding withdrawals in dollars, Agaqa considered that it is necessary to conduct an in-depth study before making the alternative decision, because the loss will be borne by the Banque du Liban, and if any decision is taken to raise the price of withdrawals without controls, this will lead to more unprecedented inflation.

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black market dollar exchange rate drop pounds case

 
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