“Lebanon Debate”
The damages or prices that Lebanon will pay economically and financially in any Israeli war on Lebanon are almost exorbitant, if not “deadly,” because all that was said about the big collision, its time will have come. The war this time, as expected by accompanying economic circles, is different from its predecessors, because it comes at a moment of almost complete collapse of the Lebanese economy in all its sectors, as well as of the Lebanese pound and the social security of the Lebanese.
But the biggest blow that the economy will receive, according to economic sources, will be the collapse of what remains of the 20 percent economy, as the sources tell Lebanon Debate, because all the elements of confrontation and steadfastness on the financial and economic levels are missing in a time of peace, so what will the situation be like in a time of peace? the war.
In response to a question about the status of the dollar in the first place, which constitutes the foundation of any economic sector at the present time, the same sources reveal that the black market will witness unprecedented pressure as a result of citizens rushing to buy it for various reasons, indicating that measures have recently been taken by the Central Bank of Lebanon. In order to continue the current stability in the price of the dollar in recent days.
However, the economic sources add, any financial measure will not last long due to the significant decline in the central bank’s mandatory reserve, which will cause an inability to finance the state’s basic expenditures, without ignoring the high probability of losing the deposits of the Lebanese.
Likewise, sources point to the catastrophic repercussions on the tourism and travel sectors and the economy’s loss of billions in revenue during the war and in the subsequent period, especially if the “worn out” infrastructure is exposed to any Israeli aggression.
Most prominently on this level, these sources identify the chaos that will spread as a result of the collapse of purchasing power, poverty, and displacement from one region to another, leading to the growing dangers of the displaced Syrians, who will in turn face what the Lebanese will face, especially if the process of external support for them is disrupted.
As for the oil file, the same economic sources do not hide the possibility that Total will stop exploration work in Block No. 9, especially after Chevron stopped operations on the Tamar platform two days ago.
2023-10-10 23:26:15
#costs #Israeli #war #Lebanon
