Хотя опыт казался очень простым: Курс ливанского фунта по отношению к доллару упал до рекордно низкого уровня

After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, в отчете сказано. The currency’s latest slide is expected to worsen Lebanon’s economic challenges.

Pound Depreciation

In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese pound is reported to have plunged to an all-time low of 35,600 against the dollar. According to an Al Jazeera report, it took just two weeks for the pound’s black market exchange rate to drop from 26,800 to the latest rate. На момент написания, the pound’s official exchange rate was 1,510 for every dollar.

The pound’s reported quickfire depreciation has worsened Lebanon’s already difficult economic situation. Also as noted in an Al Jazeera отчет, the currency’s plunge was preceded by a 25% increase in petrol prices. Plans to scrap subsidies — which in turn can lead to further price increases — are expected to worsen the plight of the country’s residents.

While authorities in Lebanon have blamed the rising global inflation, some experts believe domestic reasons are largely to blame for the country’s deteriorating situation.

One of the experts, financial adviser Michel Kozah, объяснил: “When global prices change, Lebanon is not hit once, but twice. It’s because we cannot protect the value of the Lebanese pound.”

IMF Bailout

While Lebanon was briefly successful in halting the pound’s slide earlier in the year, the country’s limited resources meant its policy of defending the pound could not be sustained, the report said.

журналист Лаура Шин опубликовала статью, в которой утверждается, что, one of the country’s newly elected politicians, Mark Daou, is quoted in the report insisting that Lebanon can only escape its present predicament if it institutes reforms.

“Financial reforms like capital controls, banking secrecy, judicial independence and a few others are fundamental for regaining trust and stabilising the markets,” Daou explained.

The politician added that the country needed to implement the reforms as this was the only way it can qualify for an International Monetary Fund (МВФ) financial bailout.

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Теренс Зимвара

Теренс Зимвара — зимбабвийский журналист, удостоенный наград., автор и писатель. Он много писал об экономических проблемах некоторых африканских стран, а также о том, как цифровые валюты могут предоставить африканцам путь к спасению..

Кредиты изображений: Шаттерсток, Pixabay, Викисклад