The black market dollar this afternoon recorded an increase from what the black market witnessed on Sunday morning, reaching 6,950 pounds for purchase and 7100 pounds for sale.
The morning record was between 6,800 and 6,900 pounds per dollar.
It is noteworthy that the economic expert, Dr. Gaby Bejjani, had confirmed an interview with “Voice of Beirut International” that:
“The fluctuation in the dollar’s exchange rate means that there are rapid declines and rapid rises, which we have witnessed in the last two weeks.” And he added, “There are several factors that affect what we are witnessing, including financial and economic in addition to political factors, with regard to economic factors, the measure that the Central Bank took weeks ago regarding the situation The scarcity of liquidity had a great impact, since the injection of liquidity about a year ago greatly contributed to the rise of the dollar exchange rate against the Lebanese pound, until it reached ten thousand pounds, and when liquidity dwindled a little, there was a problem to buy the dollar, and the dollar gets it on the black market, where it is not “Electronic dealings, but in cache.”
In turn, the General Manager of “Statistics Lebanon”, Rabih Al-Habr, confirmed through his account on “Twitter”, saying:
“There is no logical or technical reason that justifies the low price of the dollar! The dollar will decline according to certain conditions:
The first: the entry of funds into Lebanon in dollars, with an impressive amount ranging between 10 and 20 billion from abroad
The second: to stop waste and corruption
The third: stopping smuggling. All this needs time, effort, and political change …
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