Source: Kataeb.org
Sunday 25 June 2023 11:28:06
Upon reviewing the budget statement of Banque du Liban (BDL) on June 15th last year, it can be observed that the foreign currency reserves stood at around $9.5 billion.
This figure experienced a slight decrease due to the subsidization of bread and certain medications. However, the remaining reserve remained untouched, despite BDL's regular interventions through the Sayrafa platform, which surpassed $100 million. These interventions were aimed at preserving monetary stability.
Financial sources confirmed to Addiyar newspaper that BDL's governor is directly responsible for disclosing how the Sayrafa platform is funded. He is the one providing accurate figures and information on the source of funds in US dollars.
Salameh relies on transfers coming from abroad in addition to the expenditures of expatriates who have started returning to Lebanon. The national economy is expected to be infused with over four billion dollars this summer. This amount of funds is considered sufficient while awaiting necessary reforms and political breakthroughs.