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Former Economy Minister Sami Haddad warned that the BDL reserve is negative, as “the bank believes in supporting the debt and the support is required to stop as soon as possible”, noting that “the BDL reserve it is a deposit deposited by banks and the Bank of Lebanon has no right to dispose of it.
Haddad confirmed in an interview with LBCI that politicians are benefiting from the absence of the “Capital Control” law and “do not want to pass it”, saying: “With the absence of the” Capital Control “law, there is no nothing to prevent money transfers and smuggling abroad.
Haddad called for “expanding the social safety net”, saying: “In case the International Monetary Fund returns, the dollar exchange rate could fall from 8,000 to 5,000 pounds.”
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