Brax: Central Bank failure to provide US dollars to gasoline importing companies will result in exchange rate increase

Lebanon Economy
2021-10-23 | 04:35
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Brax: Central Bank failure to provide US dollars to gasoline importing companies will result in exchange rate increase
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Brax: Central Bank failure to provide US dollars to gasoline importing companies will result in exchange rate increase
Member of Lebanon's Syndicate of Petrol Station Owners George Brax stated on Saturday that when the Central Bank stops providing US dollars for companies to import gasoline, the exchange rate will rise, as will the prices.
 
"This will result in a comprehensive price hike, a further collapse in the purchasing power of citizens, and thus the creation of new crises," he added in a tweet.
 
"If the news is true, we hope those in charge will wait until the beginning of negotiations with the International Monetary Fund and for Lebanon to regain some of its International confidence," he concluded by saying.
 
 
 

Breaking Headlines

Lebanon News

Lebanon Economy

Central Bank

Lebanon

Gasoline

Fuel

Exchange Rate

LBCI Next
Lebanon's Economy Ministry, WFP sign agreement to enhance price transparency and consumer protection
Recommended For You
d-none hideMe
LBCI
Lebanon Economy
02:23

Fuel prices rise across Lebanon

LBCI
News Bulletin Reports
2024-04-18

Economic crisis: IMF awaits Lebanon's reforms

LBCI
Lebanon Economy
2024-04-18

BDL initiates measures to promote electronic payments and reduce cash use

LBCI
Lebanon Economy
2024-04-16

Fuel prices increase in Lebanon

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Sports News
2023-08-03

Lucas Moura returns to Brazil joining São Paulo

LBCI
News Bulletin Reports
2023-12-02

Lebanon's climate initiative: Highlights from COP28

LBCI
Lebanon News
07:03

Lebanese Foreign Ministry regrets lack of consensus on granting full UN Membership to Palestine

LBCI
World News
2023-08-16

Death toll from fires in Hawaii exceeds 100, the search for victims continues

Videos
d-none hideMe
LBCI
Lebanon News
2023-12-11

Breaking: Israel launches raid north of Litani on Monday (Video)

LBCI
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

LBCI
Lebanon News
2023-10-18

Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza

LBCI
Lebanon News
2023-10-05

ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises

LBCI
Sports News
2023-08-31

Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers

LBCI
Sports News
2023-08-29

France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive

LBCI
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
LBCI
Middle East News
00:06

Israeli missiles hit site in Iran, ABC News reports

LBCI
World News
08:36

Polish Airline cancels Friday flights to Tel Aviv and Beirut

LBCI
Middle East News
00:21

No missile attack against Iran, Reuters source says

LBCI
Middle East News
01:45

Israeli airstrikes target military site in southern Syria

LBCI
Middle East News
02:56

Iranian official: There is no plan for an immediate response to Israel

LBCI
Lebanon News
09:00

General Aoun meets French and Italian Army Commanders: Formation of joint committee to study Lebanese Army needs, especially in South Lebanon

LBCI
News Bulletin Reports
12:21

Safe zones in Syria: Lebanon and Cyprus confront the ongoing Syrian refugee crisis

LBCI
Lebanon News
05:21

MEA adjusts Dubai flight schedule amidst storm recovery

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More