How to stop the collapse in the Lira and smuggling in one easy shot

In some sense, BDL’s current policy is Socialist, pooling all the dollar supply in the country into one pot and redistributing it according to its perception of “The Public Good,” but it’s also disrupting the efficient allocation of capital that is a tenant of a free market economy.
by Dan Azzi

14 June 2020 | 18:40

Source: by Annahar

  • by Dan Azzi
  • Source: Annahar
  • Last update: 14 June 2020 | 18:40

A file photo of Lebanon's central bank. (AP Photo)

The Central Bank (BDL) just announced that it will pump dollars to the Exchange Houses (Sarraf) to support the Lira exchange rate. People seem to forget that only last year, Sarraf operations...
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