The agency pointed out that the results of the May 15 inconclusive elections in Lebanon make it more difficult for any camp to form a stable ruling majority in Parliament.
Fitch said that the political affiliations of Lebanese MPs are not always clear.
The Association of Lebanese Banks had announced its rejection of the recovery plan approved by the Lebanese government in its last session before being transferred to the caretaker government.
The association considered that the government plan reflects the state’s and the Banque du Liban’s disavowal of their obligations to pay the debts they owe.
Earlier, Lebanese Prime Minister Najib Mikati confirmed that the country’s President, Michel Aoun, requested the continuation of the current government until a new government is formed, following the recent parliamentary elections.
Mikati explained that his government is working to stop the economic collapse and protect the rights of depositors in Lebanese banks, and called on the Central Bank of Lebanon to set the standards required to ensure the growth of the economy.
The recorded rocket rise in the dollar exchange rate against the Lebanese pound led to an increase in the prices of all goods and services in Lebanon, which increased the wave of high prices for goods and services..
The Governor of the Banque du Liban issued a statement directed to individuals and institutions “Economie Sky News Arabia” A copy of it, stating a new mechanism for converting the Lebanese currency into the US dollar.
The statement issued by the Governor of the Banque du Liban stated that:All holders of the Lebanese pound, whether citizens or institutions, who want to convert it into US dollars, are required to submit these requests to Lebanese banks, starting next Monday, at the rate exchange platform These requests will be fully responded to within 24 hours,” the statement added.
“This offer of currency exchange is open and available daily,” the statement said.
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