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Artificial Rise of Dollar in Lebanese Debate: Political Motives Behind the Surge

“Lebanese Debate”

Has the dollar game returned to the fore again after the skyrocketing rise a few hours ago of the dollar on the black market, in light of the high suspicious demand recorded for the green currency on the black market at the weekend, and at a time when most financial institutions closed their doors except for the well-known speculators?

Well-informed economic circles revealed an artificial rise in the dollar on the black market, through a scenario that began with huge purchases first, and the frequency of rumors about the resignation of the four deputies of the Governor of the Banque du Liban second, leading to the ambiguity and ambiguity surrounding the fate of the “bank exchange” platform that stopped. Thirdly, in some banks, and fourthly, passing some financial deals.
According to these circles, the direct reason for the high price of the dollar is the large and “unjustified” demand, because the dollar is available in the markets and in banks on the one hand, and the monetary mass in lira is low in light of “dollarization” on the other hand, and therefore the dollar that “ Fly” in electronic applications today, it is a political dollar, the rise is political, speculation and demand movement are also political.

Regarding the actual political reasons, the circles say that they are diverse and related to pressure in order to obtain expanded powers for the deputies of the ruler, or to pressure in order to impose an extension of the current monetary policy followed by the Governor of the Banque du Liban, Riad Salameh, and therefore the goal behind the surprise of the dollar is a political goal, not a monetary one. .

2023-07-15 17:00:25
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