According to the economic chief of the transitional government, Amin Salam, the change is intended to protect citizens from the cost chaos and cost arbitrariness pursued by retailers and supermarket owners.
At the same time, the Treasury Department decided to increase the tariff dollar from 15,000 to 45,000, a month after abandoning the 1,500 rate used since 1997.
In this scenario, the Lebanese pound exchange rate continues its fall on the parallel market and is close to 90,000 per dollar; The official platform Sayrafa keeps operating at 45 400.
The economic authority called the appreciation of the dollar illogical because it responds to a political criterion par excellence and not to economic or financial reasons.
At the conclusion of the last government meeting, Minister Salam insisted on the need for the election of the President of the Republic in order to restore the state’s institutions and push ahead with reconstruction reforms.
World Bank figures show that Lebanon ranks third in the world and first in Arab countries in terms of food price inflation, while UN reports place 80% of its population below the poverty line.
Faced with the impact of the interconnected financial, banking, social and political crises, the country entered the fifth month of the presidential vacuum.
ef/arm/mem/before.
Comments are closed.