Lara Abi Rafi wrote on the mtv website:
$10.3 billion of reserves remaining in the Bank of Lebanon; This was stated by the finance minister in the interim government, Youssef Al-Khalil. A figure that has decreased dramatically in recent years, and today, in the light of the Central Bank’s announcement to stop buying dollars through the “Sarafa” platform, we need to ask ourselves whether the latter will be able to continue to guarantee dollars for Circulars 158 and 161. And for how long?
Economist Jassem Ajaka believes that the Central Bank’s process of buying and selling dollars in the last phase allowed the continuity of Circulars 158 and 161.
Ajaka said in an interview with MTV: “I think it is continuing because there are no indications to the contrary. But logically, if the Banque du Liban remains faithful to what the Central Governor declared regarding the interruption of the purchase of dollars through an exchange platform , this means that in the absence of its income This amount will have a fixed period of dollars and the money cannot be used indefinitely.
And since the Banque du Liban cannot touch these 10.3 billion dollars, of which the compulsory reserve is a part, according to the latter, is the end near?
Ajaka replies: “Time is limited because this money will run out. However, the date when this will happen remains unknown, as central banks depend on the element of surprise.”
