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
26
o
Keserwan
26
o
Metn
26
o
Mount Lebanon
24
o
North
28
o
South
25
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Live at 3
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
24
o
Bekaa
26
o
Keserwan
26
o
Metn
26
o
Mount Lebanon
24
o
North
28
o
South
25
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
Sports
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
Scare dollar: Acting BDL Governor Mansouri worries as political crisis deepens
Press Highlights
19-09-2023 | 01:05
High views
Share
Share
3
min
Scare dollar: Acting BDL Governor Mansouri worries as political crisis deepens
Sources within the Banque du Liban (BDL) have indicated that acting governor Wassim Mansouri is "increasingly concerned about the political stalemate," particularly regarding the presidential election impasse.
The sources stated that Mansouri and the other governor deputies had hoped for a presidential breakthrough to form a government and appoint a new governor responsible for implementing a new monetary policy before the end of the year.
This article was originally published in, translated from Lebanese newspaper Nidaa al-Watan.
However, it appears that this will be difficult to achieve in the upcoming months, which puts Mansouri under tremendous pressure if he insists on not financing the state in dollars and if he is forced to launch the 'Bloomberg' platform quickly so that the dollar can move upwards.
They further elaborated to "Nidaa Al-Watan" that special withdrawal rights are close to exhaustion, raising the issue of securing dollars to support the purchase of medicines. Mansouri was able to collect $80 million from the market to pay employees' salaries during the days when tourists were in the country.
Now that most have returned to their home countries, dollars have become relatively scarce. Any additional large request will push the dollar to rise again.
What is more concerning is that the academic year requires $150 million, and next year will witness dues of hundreds of millions of dollars to repay external debts, in addition to other needs for security institutions, electricity, telecommunications, and outer wire.
In 2024, the need for more than $1.5 billion is expected, and it is not yet known how these amounts will be secured unless Mansouri reverses his position and is forced to disburse from the mandatory employment in the BDL, putting himself in confrontation with depositors and breaking his previous promises."
A source familiar with the mechanism followed by the BDL to collect dollars in a way that keeps it in control of the market price currently explained, "In the weeks before the end of the term of the former governor Riad Salameh, the size of the cash mass in Lebanese lira exceeded LBP 100 trillion. Therefore, withdrawals from mandatory reserves amounted to about $700 million to collect liras from the market, causing the cash mass to drop to LBP 60 trillion."
They added, "If salaries are paid in Lebanese lira, the size of the cash mass will increase, and pressure on the dollar will return, causing its price to rise. This could happen in the next two months."
Lebanon News
Lebanon Economy
Press Highlights
Scare
Dollar
Acting
BDL
Governor
Wassim Mansouri
Worries
Political
Crisis
Deep
Next
President Aoun: Reforms, stability will bring investors back to Lebanon
Recommended For You
d-none hideMe
0
Press Highlights
2025-05-01
President Aoun: Reforms, stability will bring investors back to Lebanon
Press Highlights
2025-05-01
President Aoun: Reforms, stability will bring investors back to Lebanon
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon Economy
2025-02-12
IMF's Kristalina Georgieva reaffirms support for Lebanon's recovery and reforms
Lebanon Economy
2025-02-12
IMF's Kristalina Georgieva reaffirms support for Lebanon's recovery and reforms
0
News Bulletin Reports
2025-03-27
Who is Karim Souaid? Lebanon’s new central bank governor with major financial challenges ahead
News Bulletin Reports
2025-03-27
Who is Karim Souaid? Lebanon’s new central bank governor with major financial challenges ahead
0
Lebanon News
2025-03-24
Israeli drones spotted flying low over Beirut and its southern suburbs
Lebanon News
2025-03-24
Israeli drones spotted flying low over Beirut and its southern suburbs
0
Lebanon News
2025-05-11
Voter turnout varies across northern Lebanese districts as polls open
Lebanon News
2025-05-11
Voter turnout varies across northern Lebanese districts as polls open
Videos
d-none hideMe
0
Lebanon News
10:57
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
10:57
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
0
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
0
Lebanon News
2025-04-06
LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript
Lebanon News
2025-04-06
LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript
0
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
0
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
0
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
16:52
LBCI reporter Nada Andraos injured by stray bullet in Tripoli
Lebanon News
16:52
LBCI reporter Nada Andraos injured by stray bullet in Tripoli
2
Lebanon News
14:37
Shooting reported in North Lebanon, casualty in Ain al-Dehab, Akkar
Lebanon News
14:37
Shooting reported in North Lebanon, casualty in Ain al-Dehab, Akkar
3
Lebanon News
10:19
Video captures major clash in Sfira, Danniyeh amid municipal elections
Lebanon News
10:19
Video captures major clash in Sfira, Danniyeh amid municipal elections
4
Lebanon News
10:57
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
10:57
Kuwait rolls out official welcome for Lebanon's President Aoun – video
5
Lebanon News
14:42
Lebanon's Interior Minister bans gunfire, orders security forces to pursue violators
Lebanon News
14:42
Lebanon's Interior Minister bans gunfire, orders security forces to pursue violators
6
Lebanon News
05:24
Interior Ministry begins releasing 2025 municipal election results of Bcharre
Lebanon News
05:24
Interior Ministry begins releasing 2025 municipal election results of Bcharre
7
Lebanon News
06:15
35 arrested after deadly gunfire following election results in North Lebanon and Akkar
Lebanon News
06:15
35 arrested after deadly gunfire following election results in North Lebanon and Akkar
8
Lebanon News
09:48
Heavy crowds spark tension at polling stations in Fnaidek, Akkar, security sources tell LBCI
Lebanon News
09:48
Heavy crowds spark tension at polling stations in Fnaidek, Akkar, security sources tell LBCI
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