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Deputy Michel Daher considered that “the reason for the fall in the price of the dollar in recent days is the psychological factor after the transfer of Prime Minister Saad Hariri, in addition to the injection of a few million dollars into the market by certain parties, which led many Lebanese to accelerate the sale of their dollars in Homes for fear of a new fall in the exchange rate.
In an interview with Radio “Líbano Libre”, he linked “the future of the exchange rate with the ability of the new government to carry out the reforms required by donors, fix the banking situation and meet the demands of the International Monetary Fund” , expressing very cautious optimism on the matter.
He explained: “One of the IMF’s conditions is the lifting of subsidies, which means that traders, stakeholders and factories automatically want to buy dollars on the black market to import $ 10 billion in food, fuel and medicine.” .
He added: “The Central Bank pumped 13.18 billion Lebanese pounds in the last nine months, which is more than what was printed in Lebanon from 1975 to 2019, and this means that the money supply has doubled and this is what took the Central Bank to drain the lira from the market for fear of further collapse “, noting that” in the end we will reach a situation in which the dollar and the pound are equally scarce, and there is no positive future for the pound while no official is dare to tell people the truth about the bankruptcy of the banks and the reality of the country’s financial situation ”.
He stressed “the importance of separating the financial problem from the economic situation, since the economy cannot grow as long as it is linked to the financial crisis in which there is no audacious decision to solve its problems.”
In the case of the criminal investigation, Daher asked about “losing six months for the response of the Central Bank of Lebanon to be that it is impossible to implement the contract signed with Álvarez and Marshall for the audit. Why did the governor not say this matter before signing with the company, linking the matter to the absence of the intention of the majority to reform in the country, using Phrase his protector his thieves. “
He said: “He had proposed the Capital Control Law and the law abolishing banking secrecy in Lebanon without receiving any support or response from any council deputy.”
Regarding his nomination of Prime Minister Hariri in the parliamentary consultations, he explained: “We live under a certain sectarian reality, and the internal situation cannot rest if a person who represents an important cause in an essential component of the country is ignored.”
He declared: “He respectfully left the strong Lebanese bloc and there was no political exchange between him and the bloc.”
In response to a question about his upcoming electoral alliances and whether he will ally with a certain party, Daher said: “He is an independent deputy, and he will continue to be. He doesn’t want that, he will go back to his work. “
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