The chaos in the black market is not limited to the buying and selling of dollars at the rates specified on applications; it has gone beyond that towards monopolization... This is what is happening in some areas, including Ashrafieh.
In detail, information for "Akhbar Al-Yawm" agency indicates that one of the big currency exchangers in Ashrafieh buys dollars from money exchange services to sell them at the rates of the parallel market. Due to his behavior, which can be described in colloquial terms as "bullying and thuggery," he threatens other currency exchangers whose shops are located nearby, in cooperation with individuals claiming to have security affiliations—a false claim aimed at suggesting that "his reach is long."
The mentioned exchanger resorts to trading in dollars by sending them to some customers via motorcycle delivery, and he also engages in the illegal exchange of checks and seizes banking credit cards for use in withdrawing fresh cash. All of this occurs at a time when security apparatus and thus the state are completely absent!
