Money changers are reluctant to sell dollars. For these reasons, the Lebanese are eager to buy it.

The newspaper “Al-Akhbar” wrote: “The investigations continued with several currency traders arrested on suspicion of altering the exchange rate of the lira against the dollar.” The judge, Ali Ibrahim, is also under investigation with the same branch manager, and although security sources point to the continued search for currency traders who manipulate the exchange rate, the cautious arrests were reflected among bank store owners, many of who refrained from selling dollars, for fear of being arrested. Although more correct The closed stores were sold through the “delivery” service, or through itinerant people, but financial experts have confirmed that security measures can calm the market, but certainly will not allow price stability, given the Continued demand for the dollar, whether to finance imports, speculation or savings. The last point is “fueled” by the banks’ refusal to supply depositors their money in dollars, and the application of Circular No. 148 issued by the Governor of the Bank of Liban, Riad Salameh on April 3 last, to transfer deposits not exceeding five million pounds per dollar in value at the official price, then hand it over to the owners after the transfer Turning their back to the lira as the “market price”. And the increase in cash in pounds increases the demand for the dollar on the “black market.” The experts themselves believe that what restores the balance in the banking market is the intervention of the Bank of Lebanon, selling dollars to ATMs and forcing them to work mechanisms that avoid speculation, as well as expanding the circle of “subsidized” goods in dollars by official price.

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