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
20
o
Mount Lebanon
20
o
Metn
23
o
Keserwan
23
o
North
23
o
South
21
o
Bekaa
16
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Ward Jouri
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
20
o
Mount Lebanon
20
o
Metn
23
o
Keserwan
23
o
North
23
o
South
21
o
Bekaa
16
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
Lebanon's currency is deteriorating hysterically: Abou Haidar
Lebanon Economy
2023-03-18 | 05:57
High views
Share
Share
2
min
Lebanon's currency is deteriorating hysterically: Abou Haidar
The Director General of the Lebanese Ministry of Economy and Trade, Mohammad Abou Haidar, stressed that "we are witnessing one of the most challenging economic crises," pointing out that the solution begins with politics and ends with the economy.
He added, "we must go with a correct economic recovery plan that revives the country."
Abou Haidar said in an interview with "Nharkom Said" via LBCI that "the currency is deteriorating hysterically and every year is more difficult than the previous one," noting that "last year the rate of the US dollar rose 35 percent, while this year the price of the dollar rose 100 percent from month to month."
"The solution begins today with stability at the political level, the election of a president, the formation of a government, and the implementation of the required reforms, and confidence today is capable of restoring confidence and restoring the economy," he said.
Abou Haidar stressed that Lebanon is in dire need of the International Monetary Fund (IMF) in light of this economic stumble, hoping that the reforms will be as soon as possible because "the citizen is the one who pays the price."
He explained that "any rise in the exchange rate is offset by a decrease in the purchasing power of the citizen," pointing out that some today take advantage of the crisis, even if at the dollar exchange rate.
"When the punishment is a deterrent, no one dares to commit a violation, especially concerning food security," he said.
Breaking Headlines
Lebanon News
Lebanon Economy
Lebanon
Economy
Finance
Crisis
Politics
Lebanese
Lira
Recovery
Plan
Reform
Next
Lebanon's Economy Ministry, WFP sign agreement to enhance price transparency and consumer protection
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:53
US lawsuit raises stakes for Lebanon's financial institutions
News Bulletin Reports
12:53
US lawsuit raises stakes for Lebanon's financial institutions
0
News Bulletin Reports
12:29
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
News Bulletin Reports
12:29
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
0
Lebanon Economy
02:15
Fuel prices slightly increase in Lebanon
Lebanon Economy
02:15
Fuel prices slightly increase in Lebanon
0
News Bulletin Reports
2024-04-22
Unprecedented situation: Lebanon moves closer to IMF deal with BDL modernization
News Bulletin Reports
2024-04-22
Unprecedented situation: Lebanon moves closer to IMF deal with BDL modernization
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
World News
13:20
Blinken may visit Saudi Arabia as Biden Administration pursues 'mega-deal' for Saudi-Israel normalization: Axios
World News
13:20
Blinken may visit Saudi Arabia as Biden Administration pursues 'mega-deal' for Saudi-Israel normalization: Axios
0
Lebanon News
09:09
Beirut's air pollution crisis: Diesel generators linked to doubling cancer risk, study shows
Lebanon News
09:09
Beirut's air pollution crisis: Diesel generators linked to doubling cancer risk, study shows
0
News Bulletin Reports
12:49
Lebanon's presidential stalemate remains: Quintet Ambassadors report to Berri
News Bulletin Reports
12:49
Lebanon's presidential stalemate remains: Quintet Ambassadors report to Berri
0
News Bulletin Reports
12:25
Lebanese parliament likely to extend municipal terms due to multiple hidden factors
News Bulletin Reports
12:25
Lebanese parliament likely to extend municipal terms due to multiple hidden factors
Videos
d-none hideMe
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
02:51
Israeli media: Prominent Hezbollah air defense member killed in Aadloun raid
Lebanon News
02:51
Israeli media: Prominent Hezbollah air defense member killed in Aadloun raid
2
News Bulletin Reports
12:53
US lawsuit raises stakes for Lebanon's financial institutions
News Bulletin Reports
12:53
US lawsuit raises stakes for Lebanon's financial institutions
3
Lebanon News
02:04
Israeli army strikes Hezbollah infrastructure in southern Lebanon
Lebanon News
02:04
Israeli army strikes Hezbollah infrastructure in southern Lebanon
4
Lebanon News
05:03
Hezbollah member killed by Israeli strike in southern Lebanon, AFP source says
Lebanon News
05:03
Hezbollah member killed by Israeli strike in southern Lebanon, AFP source says
5
Lebanon News
01:13
Israeli drone targets car near Aadloun and Kharayeb intersection
Lebanon News
01:13
Israeli drone targets car near Aadloun and Kharayeb intersection
6
Lebanon News
16:03
Hezbollah announces launching 'dozens of rockets' at Israel in response to civilian deaths
Lebanon News
16:03
Hezbollah announces launching 'dozens of rockets' at Israel in response to civilian deaths
7
Lebanon News
09:09
Beirut's air pollution crisis: Diesel generators linked to doubling cancer risk, study shows
Lebanon News
09:09
Beirut's air pollution crisis: Diesel generators linked to doubling cancer risk, study shows
8
Lebanon News
07:56
Israeli airstrikes kill two Hezbollah fighters in Lebanon
Lebanon News
07:56
Israeli airstrikes kill two Hezbollah fighters in 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