Finance Minister denies exchange rate liberalization

The article discusses the financial and monetary situation in Lebanon, where pressures on exchange rate stability are increasing due to rising public spending and demands for improved wages and benefits, despite limited economic resources. The Minister of Finance, Yassine Jaber, confirmed that there are no plans to liberalize the exchange rate, emphasizing the necessity of funding social increases from clear and sustainable revenue sources, such as increasing taxes or imposing fees on luxury goods. Sources indicate the importance of coordination between the government and Banque du Liban (Central Bank) to maintain financial stability, noting that using central bank funds to support government expenses and social programs is not feasible because it would place an additional burden on depositors. Balancing efforts to improve social conditions while maintaining exchange rate stability remains a delicate path that requires reform measures and steady revenues.

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