Lebanon

Title: Abdullah: It's Time to Unify the Exchange Rate and Stop the Arbitrary Actions of Money Changers

Title: Abdullah: It's Time to Unify the Exchange Rate and Stop the Arbitrary Actions of Money Changers

On Friday, Deputy Bilal Abdullah criticized the recent banking decisions and procedures, considering them a continuation of the seizure of Lebanese people's funds. He wrote in a tweet on his Twitter account: "Once again, banks, backed by the central bank, have succeeded in seizing the people's money, which they tried to profit modestly from through currency exchange, compensating for their losses in seizing deposits."

Abdullah added, "It is time to unify the exchange rate to stop the arbitrary actions of supported money changers and the smuggling of dollars abroad, at the expense of what remains of hard currency reserves."

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