This is the reality of the dollar of Lebanon .. Sarafon reveals

The Saraf Khalil was not aware that his activity in the dollar market would decline dramatically after he was active in the field in which he was involved in a coincidence and because of the circumstances.

The price stability is the reason

One of the economic experts says toLebanon 24 The illegal ATM wave has escalated with the vibration witnessed by the price of the dollar since 2019, and for this reason the chaos has emerged in the currency market to produce activists with the sale and purchase of the dollar without any accountability or supervision.

According to the source, what curbed the exchange activity on legitimacy is the measures taken by the Bank of Lebanon to stabilize the price of the dollar in the market and thus establish cash stability by devoting tools that prevent speculation that fueled the dollar prices a lot and made it reach unprecedented levels.

The spokesman also explains that the Bank of Lebanon is still active on more than one level in the market, especially by interfering in sales and purchases, noting that the procedures approved at the present time and since the year 2023 are aimed at preventing wasting any dollars from the central bank and thus devoting purchases for the green currency In order to increase the volume of reserves.

What about legal exchange?

Here, one of the cashiers says toLebanon 24 The financial crisis that has passed through their influence greatly, and what happened is that the activity of illegal cashier has overwhelmed the activity of the licensed and approved cashier who have fixed offices and is subject to the laws and regulations in force.

According to the source, the volume of profits in the dollar and banking market now is not currently large, especially since the price of the dollar is fixed and the differences between sales and purchases are slim and what contributes to collecting profits is the sales and purchase of large sums in any currency.