Salloum wroteThe current priority is keeping the peg going but that can change very quickly. You’re right about the liquidity issues but they won’t go on forever. I work at a bank and we are still processing LBP to USD operations on a daily basis. You can still withdraw up to 50k a month in cash, but we re applying a per mil fee on cash withdrawals. I think people are over-panicking. The media tends to dramatize things in this country.
I don't agree on "they won’t go on forever" and "people are over-panicking". Since several years we're in a bad economical shape, in all sectors (real-estate, startups, car dealers, restaurants, stores...). The "الموازنة" proves that our government is desperate for cash.
real-estate: the absence of iskan, ridiculous prices of apartments...
car dealers: 25% decrease in new car selling compared to last year
startups: hundreds of startups and business are closing
The weird thing is that only bank employees are saying that we're not doing that bad. Its like bank employees are not allowed to say bad things about the economy?
Many financial analysts (like Jihad hokayem,, dan azzi, zafiris tzannatos...) are saying we're heading towards an economical crash...
Can you give us more insight on why you think things won't go on forever this way? what will change our economy?