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The condition of the Bank of Lebanon to intervene and control the dollar

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Sources following up on the Central Council meeting at the Banque du Liban revealed that the meeting today did not come out with new financial-monetary decisions, but rather focused the discussion on what was decided at the last meeting that was held at the Serail at the end of last week, in the presence of the Governor of the Banque du Liban, Riad Salameh, and Minister of Finance, Youssef Khalil.

During the meeting today at the Banque du Liban, information via MTV confirms that Salameh insisted on the need for all security and judicial agencies to intervene to control and arrest speculators on the lira in the markets, especially those who supervise and manage groups on “WhatsApp” and some money changers known to the agencies.

Indeed, Prime Minister Najib Mikati asked the Public Prosecutor of Cassation to intervene immediately and take appropriate measures. Aweidat sent a letter to the Financial Public Prosecutor, Judge Ali Ibrahim, in which he requested immediate judicial letters of appeal to all members of the judicial police (Internal Security Forces – Public Security – State Security). – Customs – Army Intelligence) in order to conduct all traces and preliminary investigations, and to work to arrest money changers and speculators on the national currency and cause its collapse, and to take them in secret to the Financial Public Prosecution Department to conduct the legal requirements and inform him of the result as quickly as possible.

And Salameh confirmed during the Serail meeting and during the Central Council meeting that the Banque du Liban will not take any measures before controlling the major speculators in the market, and they are known by names, while the sources confirm that no political-security decision was taken to arrest them, so that the Banque du Liban will then return to intervene and control the flight of the exchange rate. dollar on the black market.

Accordingly, today’s meeting did not produce any decisions related to the new exchange rate, a banking platform, and other topics that were transferred to the Central Council meeting, on Wednesday, as today’s meeting was devoted only to the issue of speculation on the lira and the flight of the dollar exchange rate on the black market. The Central Bank’s decision today was limited to extending the work of Circular 161, while other decisions will be discussed during Wednesday’s meeting.

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