Banking sources considered that the step to raise the exchange rate of the dollar, today, Monday, to 75,800 Lebanese pounds, means that the Banque du Liban is forced to catch up with the skyrocketing price of the dollar in the parallel market, which reached the threshold of 96,000 Lebanese pounds in the evening.
The sources indicated that the higher the market dollar, the more the Banque du Liban will have to increase the “exchange” rate, otherwise its losses will increase, especially with the continuation of the process of paying deposit money within the platform, which will not stop during the banks’ strike period that will start tomorrow.
The sources estimated that the volume of trading on the platform will gradually decrease during the coming days from $80 million to less than $50 million or less within a few days, and added: “Starting tomorrow, the so-called banking deposits will stop completely, and accordingly, it can be said that the central bank’s intervention Through the market, it will stop because no new requests will be accepted, especially with the banks closing their doors.
