LBCI

Sources to Al-Joumhouria: Political decision determines banks' exchange rate

Press Highlights

21-02-2024 | 02:05

Share

Share

Sources to Al-Joumhouria: Political decision determines banks' exchange rate

Banking sources told "Al-Joumhouria" that the banks' exchange rate for the dollar is linked to a political decision, as such a decision "burns fingers." Therefore, everyone says that it is better not to bear it and to keep its image away from it so that his image remains bright.

The sources clarified that the banks have no relation to this decision as they perform the role of exchange agents. However, the most prominent role is for the Central Bank of Lebanon as it is responsible for the amount of Lebanese liquidity it will inject into the market since it is its source.

Therefore, it is incumbent on it to decide the money supply it will inject, and the market can absorb it without any impact on the exchange rate, as well as to determine ceilings for withdrawals for depositors.

Lebanon News

Lebanon Economy

Press Highlights

Bank

Exchange Rate

Dollar

Economy

Lebanon

Depositors

Next

Lebanon’s PM rejects talk of parliamentary extension, confirms polls on schedule

Recommended For You

Lebanon’s PM rejects talk of parliamentary extension, confirms polls on schedule

Press Highlights

2025-10-16

Lebanon’s PM rejects talk of parliamentary extension, confirms polls on schedule

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Second US aircraft carrier to head to Middle East amid Iran tensions: US media

Middle East News

03:07

Second US aircraft carrier to head to Middle East amid Iran tensions: US media

Salam says Macron backs army support conference, financial reforms

2026-01-23

Salam says Macron backs army support conference, financial reforms

Berri halts live broadcast amid parliament salary dispute

2026-01-29

Berri halts live broadcast amid parliament salary dispute

Netanyahu fails to sway Trump as Israel conducts major drills amid US‑Iran uncertainty

News Bulletin Reports

12:55

Netanyahu fails to sway Trump as Israel conducts major drills amid US‑Iran uncertainty

Videos

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Berri halts live broadcast amid parliament salary dispute

2026-01-29

Berri halts live broadcast amid parliament salary dispute

Fairuz receives condolences for death of son Hali Rahbani—Video

2026-01-10

Fairuz receives condolences for death of son Hali Rahbani—Video

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

2025-12-02

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

2025-12-02

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

2025-12-02

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

2025-12-02

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

2025-12-01

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

Pope Leo XIV moved by youth turnout in Bkerke: Video

2025-12-01

Pope Leo XIV moved by youth turnout in Bkerke: Video

Most read

24 hours

7 days

Month

PM Salam departs to Munich via main terminal, skips VIP lounge

1

PM Salam departs to Munich via main terminal, skips VIP lounge

Beirut port disaster remains unsolved five years after deadly blast

2

Beirut port disaster remains unsolved five years after deadly blast

Netanyahu fails to sway Trump as Israel conducts major drills amid US‑Iran uncertainty

3

Netanyahu fails to sway Trump as Israel conducts major drills amid US‑Iran uncertainty

Trapped between aid and reality: Tripoli residents flee collapsing homes, face unaffordable rents

4

Trapped between aid and reality: Tripoli residents flee collapsing homes, face unaffordable rents

Fuel prices increase in Lebanon

5

Fuel prices increase in Lebanon

Syria defence ministry says army has taken control of Al-Tanf base after US pullout

6

Syria defence ministry says army has taken control of Al-Tanf base after US pullout

India clears proposal to buy French Rafale jets: Defence ministry

7

India clears proposal to buy French Rafale jets: Defence ministry

Safety body urges EU airlines to avoid Iran airspace until March 31

8

Safety body urges EU airlines to avoid Iran airspace until March 31

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