NNA – Head of the “Dignity Movement”, MP Faisal Karami, criticized via Twitter today the Central Bank’s recent circular, saying: “The continuation of Circular #161 means that the Central Bank sells the dollar to banks for LBP 24,000 and repurchases it from money exchangers for LBP 29,000, i.e. a loss of 5,000 Lebanese pounds for every US dollar…This is how the ruling authority decided to pursue its disastrous policies and waste the remaining reserves of depositors' money, in order to buy more time!”
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