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
24
o
Bekaa
18
o
Keserwan
24
o
Metn
24
o
Mount Lebanon
19
o
North
22
o
South
24
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Shams Al Sabah
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
24
o
Bekaa
18
o
Keserwan
24
o
Metn
24
o
Mount Lebanon
19
o
North
22
o
South
24
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
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
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
Fluctuations in Lebanon's exchange market as Salameh's term nears end
News Bulletin Reports
16-07-2023 | 11:05
High views
Share
Share
3
min
Fluctuations in Lebanon's exchange market as Salameh's term nears end
The Lebanese exchange market witnessed sudden fluctuations over the weekend, with the US dollar surging to 99,000 Lebanese pounds before dropping back to 93,000 pounds.
This unexpected shift comes after a relatively stable period where the exchange rate hovered around LBP 91,000.
According to political analysts, the market disturbance is linked to warnings issued by speculators and money changers as the term of Lebanon's central bank governor approaches its end later this month.
Additionally, rumors of the resignation of the four deputy governors further added to the market's sensitivity.
However, sources close to the governors deny any current resignation plans, emphasizing their intention to engage with ministers and deputies to push for reform laws, as they reject the current financial policies.
While political factors play a significant role, there is another explanation for the recent surge in the US dollar's rate. Analysts have attributed it to the increased money supply of the Lebanese pound in the market, exerting pressure on the dollar.
Given these circumstances, what can be expected from banks and the exchange rate?
The Sayrafa exchange platform is set to change. Sources from the Central Bank of Lebanon revealed recent meetings with the International Monetary Fund (IMF) to facilitate the fund's communication with Reuters and Bloomberg agencies.
These meetings aim to adopt one of them to announce the exchange rate of the US dollar against the Lebanese pound, according to Sayrafa.
This initiative also involves linking Sayrafa to the global stock exchange, gradually replacing the parallel market rate, and establishing an official exchange rate.
Furthermore, this move aims to put an end to the current Sayrafa exchange formula, which has caused chaos in exchange rates and depleted the central bank's reserves.
According to deputies of the central bank governor, unifying the exchange rate is a gateway to reform. However, it cannot be accomplished without implementing capital control law and a recovery plan.
Change is possible, but today the game lies in the hands of the political decision-makers.
Breaking Headlines
Lebanon News
News Bulletin Reports
Fluctuations
Lebanese
Lebanon
Exchange
Market
Banking
Sayrafa
Next
From South Lebanon to Bekaa: Israel’s plan to reconfigure border security
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:05
Threats of escalation: Israel pressures Hamas as US pushes to finalize Gaza ceasefire plan
News Bulletin Reports
13:05
Threats of escalation: Israel pressures Hamas as US pushes to finalize Gaza ceasefire plan
0
News Bulletin Reports
13:05
'Digital criminal' exposed in Lebanon? Social media account behind company-targeting blackmail trend
News Bulletin Reports
13:05
'Digital criminal' exposed in Lebanon? Social media account behind company-targeting blackmail trend
0
News Bulletin Reports
13:00
Passport leak scandal: Lebanon probes outrage over Syrian diplomat’s data breach
News Bulletin Reports
13:00
Passport leak scandal: Lebanon probes outrage over Syrian diplomat’s data breach
0
News Bulletin Reports
12:48
Thirsty for answers: Confusion grows over Tannourine water tests
News Bulletin Reports
12:48
Thirsty for answers: Confusion grows over Tannourine water tests
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
World News
00:19
Saudi Arabia in talks with US for defense pact, FT reports
World News
00:19
Saudi Arabia in talks with US for defense pact, FT reports
0
Lebanon News
09:48
A powerful airstrike hits Bnaafoul in southern Lebanon’s Sidon district
Lebanon News
09:48
A powerful airstrike hits Bnaafoul in southern Lebanon’s Sidon district
0
Lebanon News
2025-10-07
Samir Geagea to AFP: Hezbollah should learn from Hamas and hand over its weapons to the Lebanese state
Lebanon News
2025-10-07
Samir Geagea to AFP: Hezbollah should learn from Hamas and hand over its weapons to the Lebanese state
0
World News
07:30
Cambodia to deport 59 South Koreans linked to scam centers: Police
World News
07:30
Cambodia to deport 59 South Koreans linked to scam centers: Police
Videos
d-none hideMe
0
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
Lebanon News
2025-10-04
Meet Miss Lebanon 2025 contestants: Video
0
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
Lebanon News
2025-10-03
Series of Israeli airstrikes spark massive fire in southern Lebanon
0
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Lebanon News
2025-09-07
Lunar eclipse captivates Lebanon: watch the stunning video
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
14:35
Israeli army: Hezbollah cement quarry and 'Green Without Borders' site struck in South Lebanon
Lebanon News
14:35
Israeli army: Hezbollah cement quarry and 'Green Without Borders' site struck in South Lebanon
2
Lebanon News
14:13
Israel strikes Ansar, Sinai in South Lebanon
Lebanon News
14:13
Israel strikes Ansar, Sinai in South Lebanon
3
Lebanon News
09:48
A powerful airstrike hits Bnaafoul in southern Lebanon’s Sidon district
Lebanon News
09:48
A powerful airstrike hits Bnaafoul in southern Lebanon’s Sidon district
4
Lebanon News
11:35
Israeli army says it struck 'Hezbollah underground infrastructure' in Lebanon
Lebanon News
11:35
Israeli army says it struck 'Hezbollah underground infrastructure' in Lebanon
5
News Bulletin Reports
12:48
Thirsty for answers: Confusion grows over Tannourine water tests
News Bulletin Reports
12:48
Thirsty for answers: Confusion grows over Tannourine water tests
6
Lebanon News
13:14
USCENTOM: Military leaders meet on disarmament efforts in South Lebanon
Lebanon News
13:14
USCENTOM: Military leaders meet on disarmament efforts in South Lebanon
7
Lebanon News
05:57
PM Salam: Working to convene an international conference to support security forces and reconstruction efforts
Lebanon News
05:57
PM Salam: Working to convene an international conference to support security forces and reconstruction efforts
8
News Bulletin Reports
13:00
Passport leak scandal: Lebanon probes outrage over Syrian diplomat’s data breach
News Bulletin Reports
13:00
Passport leak scandal: Lebanon probes outrage over Syrian diplomat’s data breach
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