Lebanon

The Worst-Case Scenario from the Banks' Shutdown: The Dollar Will Soar!

The Worst-Case Scenario from the Banks' Shutdown: The Dollar Will Soar!

Economist Lail Mansour confirmed that a three-day bank strike does not negate people's rights, nor does it mean that depositors do not want their money. She warned that break-ins could recur after the strike, especially since the time before Thursday might allow for planning these actions. In a call with "Al-Anbaa," Mansour emphasized that the solution lies in the government taking a preliminary reform step by holding accountable any responsible party. Only then will people regain some trust and wait for their money to be returned according to a plan based on reform steps. However, in the current chaos and absence of measures, what should people expect? She pointed out that the current situation will impact the exchange rate, which is expected to rise in the coming days, leading to market chaos and increased prices of various products. This appears to be the worst-case scenario that may have already begun, but it is impossible to predict how it will ultimately end.

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