News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
19
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Alakat Khassa
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
19
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Demand from Syria for dollar among factors deteriorating Lebanese currency
Lebanon Economy
2022-12-22 | 06:49
High views
Share
Share
4
min
Demand from Syria for dollar among factors deteriorating Lebanese currency
Since the dollar rose again and crossed the threshold of 46,000 Liras, talk escalated about buying dollars for the benefit of the Syrian economy, specifically from the money exchangers in Chtoura, but these deny this case altogether.
Monetary sources confirm the purchase of dollars for sending to Syria. These sources said that the Lebanese monetary mass is still the same size, about 75 thousand billion Liras, since the beginning of this month.
Therefore there is no more liquidity in Liras to be used to buy Dollars, explaining that dollar purchases are made directly with the Syrian pound or after converting it into Lebanese pounds and that the scene of these operations is in the Bekaa Valley.
These sources do not attribute the reason for the rise in the exchange rate of the dollar to this reason alone, as they confirm that local hedging is still going on.
The most important thing is the continuous deterioration in the political situation, given that no president and functioning government are present to set a monetary and fiscal policy in coordination with the central bank.
Sources revealed that BDL is not currently interfering in the market to limit the dollar's rise, as it does not want to intervene with a number of dollars, with no guarantee that it will remain in Lebanon. Still, the Central Bank may choose an appropriate time to move in this direction that contributes to curbing the rapid rise. Sources also denied that the Central Bank is currently one of the entities participating in purchasing the dollar from the market. If that had happened, the dollar would have recorded higher rates.
Moreover, it cannot be overlooked that the volume of imports in Lebanon reached in the first 11 months of this year 17.8 billion dollars, which is a very high number compared to the situation in which Lebanon is currently living noting that the highest number that Lebanon had recorded in the field of imports had reached $19 billion before the start of the financial and economic collapse.
Also, the factors that contributed to the demand for the dollar and its high price is the payment of workers' dues in the public sector after the 3-fold increase and securing them in Lebanese pounds.
The money exchangers state that there is no offer for the dollar and that as soon as the owners of dollars hear that the price trend is upward, they stop selling their dollars or are satisfied with selling what is necessary only. Still, when the talk begins that the price is going down, the dollar offer process returns to normal.
Some money changers say that the demand for the dollar has increased due to the increased demand from banks and the fuel market. Still, the banks deny this trend and state that they buy the dollar through a banking platform from Banque du Liban. The fuel sector confirms that its demand for the dollar has not increased. The daily need is still what it is, about $20 million for gasoline and diesel fuel.
Breaking Headlines
Lebanon News
Lebanon Economy
News Bulletin Reports
Syria
Lebanon
Dollar
Currency
Demand
Lira
Next
Fuel prices decrease across Lebanon
Recommended For You
d-none hideMe
0
Lebanon Economy
2024-08-30
Fuel prices fall in Lebanon
Lebanon Economy
2024-08-30
Fuel prices fall in Lebanon
0
News Bulletin Reports
2024-08-28
Hope for Lebanon's healthcare: Hospitals see budget increase as Health Ministry aims for recovery
News Bulletin Reports
2024-08-28
Hope for Lebanon's healthcare: Hospitals see budget increase as Health Ministry aims for recovery
0
News Bulletin Reports
2024-08-27
Lebanon's Lifeline: How Expatriates Keep the Nation Afloat Amid Crisis
News Bulletin Reports
2024-08-27
Lebanon's Lifeline: How Expatriates Keep the Nation Afloat Amid Crisis
0
Lebanon Economy
2024-08-27
Fuel prices update: Latest list published
Lebanon Economy
2024-08-27
Fuel prices update: Latest list published
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
News Bulletin Reports
2024-07-27
Paris Olympics 2024: France welcomes the world with mesmerizing Olympic opening on the Seine
News Bulletin Reports
2024-07-27
Paris Olympics 2024: France welcomes the world with mesmerizing Olympic opening on the Seine
0
World News
2024-06-19
Kim says Russia mutual assistance deal 'defensive' in nature
World News
2024-06-19
Kim says Russia mutual assistance deal 'defensive' in nature
0
Lebanon News
2024-07-28
Israeli army claims attacks on Hezbollah targets in Lebanon
Lebanon News
2024-07-28
Israeli army claims attacks on Hezbollah targets in Lebanon
0
World News
2024-08-26
Russia attacked energy facilities in west Ukraine causing outages
World News
2024-08-26
Russia attacked energy facilities in west Ukraine causing outages
Videos
d-none hideMe
0
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
0
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
0
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
0
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
0
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
0
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
0
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
2
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
3
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
4
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
5
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
6
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
7
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
8
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More