999 thousand pounds.. and prepare for the 7 numbers!

The former head of the Banking Control Commission, Samir Hammoud, understands the cry of the Association of Banks because it feels that the future ahead of it is bleak and black, but he opposes the strike, revealing that the state is able to pay the money of depositors, as it does not have a problem of liquidity and not a problem of solvency.

He considers that the International Monetary Fund has wronged the banks, as it does not have the experience to deal with the issue of depositors with banks.

He believes that a distinction must be made between depositors, not on the basis of large and small depositors, but rather on the basis of his money being clean and his money being unclean.

He asserts that the dollar in Lebanon cannot be stable, and the governor of the Banque du Liban cannot stop the rise in the exchange rate.

And he detonates the surprise that the dollar will reach 6 digits from today until the end of Riad Salameh’s term, meaning that it may reach 999,000 Lebanese pounds or 100,000 Lebanese pounds, “and I am afraid that one dollar will become equal to 7 figures.”

He also expressed his concern that “the Lebanese pound will soon become out of circulation, as from now on it is no longer amenable to savings and lending.”

And he reveals that the Governor of the Banque du Liban asked him, “Do you think the extension is appropriate for me?” He replied: I do not want to renew you, but I want the central bank to have an authentic ruler, and dealing with this crisis cannot be done with an alternative ruler.

And he stresses the need for the parliament to convene and amend the monetary and credit law to extend the ruler’s term from 6 years to 9 years.

As for pursuing money changers, it is considered that the police language in dealing with the exchange rate is a major backwardness that Lebanon has not witnessed before.

It was announced with the issuance of a million Lebanese pound note.