[ad_1]
President Michel Aoun, governor of the Central Bank of Lebanon, Riad Salameh, called for the need to be strict to curb speculation on the price of the Lebanese pound, during a meeting on Friday between Salameh and President Aoun’s financial affairs adviser , Charbel. Qirdahi.
A statement issued by the Information Office of the Presidency of the Republic said that, based on the directives of President Aoun, and after the financial, security and judicial meeting that took place in the Baabda Palace on Monday 8 In March, a meeting was held today between Salameh and Qirdahi “to see the measures taken by the governor to put an end to the unjustified rise. Due to the exchange rate and suspicious speculation on the Lebanese pound.
The President of the Republic informed the governor of the Banque du Liban, according to the statement, “the need for rigor to curb speculation, clean up the banking sector and the determination to restore confidence so that Lebanon returns to a banking base in the region.”
For his part, the governor informed the “President of the Republic that the Central Bank decided to start work on the electronic platform that belongs to it so that all transactions are recorded and become the main reference of the real market price.”
The Banque du Liban’s decision, according to the statement, included “allowing banks, starting next week, to trade in currencies as legitimate exchangers and record transactions at the real price on the platform, provided that the Banking Control Commission performs a follow-up of the good functioning of the work “.
The statement added that the Banque du Liban would intervene “to absorb liquidity when necessary until the exchange rate is controlled according to known mechanisms.”
It is noteworthy that the exchange rate of the dollar against the lira registered a rise of 15 thousand pounds last Tuesday, for the first time, to fall again in the last two days, and today it reached 10,200 Lebanese pounds..
The rise in the dollar exchange rate sparked a series of popular protests and road blocks in all Lebanese regions.
It also led to an unprecedented rise in food prices and a decline in the purchasing power of the Lebanese.
Follow our latest sports and local news, and the latest political and economic developments through Google News.
