Lebanon in the face of a catastrophe … will it reach the Venezuelan stage?



[ad_1]


Lebanon Faces Disaster ... Will It Make It to the Venezuelan Stage?

The great concern about the economic and financial collapse once again dominated the Lebanese people, after Mustafa Adib’s apology, especially since the dollar exchange rate rose as soon as the apology was announced.

However, the financial and economic expert Antoine Farah, in an interview with the electronic newspaper Al-Anbaa, minimized the risks of the rise of the dollar to fictitious figures, as some expect from next week, because this is related to the political behavior that will be followed after Adib’s apology, and the effort that will be made to reactivate the French initiative, and this depends on what Macron will say in his press conference, if he confirms that the initiative continues and is not linked to the people , and if he announces the end of the initiative and then something else, then we will go to hell, as President Aoun said.
Farah revealed that “we no longer have a limited reserve in the Central Bank of Lebanon, and there was talk of extending the life of the support for a few months so that we could secure aid, but now, in light of the wavering formation of the government, ¿ what can you do if we don’t have a rescue plan? “

He said: “Yes, there is an expected catastrophe if we do not have a close solution to our crisis, and the dollar on the black market will rise, of course, but in a limited way. However, the real disaster will be after a few months, then the country It is entering a stage of hyperinflation, which means that we have reached the Venezuelan scene. ” .



[ad_2]