The Lebanese pound tries to resist around 17,000 LL / USD with 17,200 LL / USD to buy and 17,250 LL / USD to sell against the backdrop of deteriorating social and economic conditions and a possible improvement. temporary linked to the payment of special drawing funds from the IMF to the tune of 900 million dollars in the coming weeks, in accordance with the wish of the international institution to benefit low-income countries.
A debate is currently taking place concerning the use of this sum. It would be a question of seeing if it should benefit the Banque du Liban to reconstitute somewhat its monetary reserves largely established by the subsidy program for the purchase of basic necessities, to finance the continuation of this program which should be modified under in the form of a ration card or to be distributed to the population to somewhat mitigate the loss of purchasing power. As a reminder, this would reach more than 90% of its value compared to 2 years ago.
