In a call by Sky News Arabia to the Syndicate of Money Changers in Lebanon, the latter said that the Syndicate Council will meet tomorrow to discuss this phenomenon, in preparation for taking the appropriate decision.
It is worth noting that this phenomenon appeared several weeks ago, after many dollar exchange shops refused to exchange the old $100 denomination before 2009, arguing that banks do not deal with this edition, which is surprising given that the United States of America itself is the owner of the printed currency that was printed. issued, does not endorse the expiration of any banknote issued and printed, and US laws do not specify an expiration date for dollars.
One of the dollar dealers said: “Some exchange shops exchange the old 100 dollars, but they charge a commission ranging between 5 and 10 percent, and this means that the owner loses between 5 and 10 dollars for each banknote.”
It is clear from the foregoing that what is happening is a clear theft that takes place through money changers, most of whom are unlicensed, stealing the citizen who is not sufficiently suffering from corruption and stealing his savings in Lebanese banks in Lebanese pounds.
A young man in his twenties told Sky News Arabia: “One of the health clubs refused to take the $100 bill from me on the pretext that it was an old edition, and asked me to replace it with a new edition.”
“dirty game”
Commenting on the topic, economic journalist Raed Al-Khatib described to Sky News Arabia what is happening as a “dirty game,” and said: “The aim is to withdraw old and new dollar stocks from people’s hands in preparation for their humiliation and theft of their money. They are looking for any way to steal the citizen, whether by money changers or some financial institutions dealing with them.
Expert opinion
Dr. Muhammad Al-Fahili, an expert in banking risks, told Sky News Arabia: “It is normal for there to be an old dollar and a new one, according to the date of printing the dollar, and this is not related to the purchasing value. Today, the $100 denomination is being traded, designed by the US Treasury in 2009 and reprinted every year.” .
He added: “I think that the old editions were stored in banks, and if the official authorized exchange shops (Class A and Class B) refuse to deal with the $100 in its old pre-2009 edition, it must be reported to the Banking Control Commission and the Directorate for Combating Financial Crime in The Ministry of Interior is concerned about it, as what applies to banks applies to it.”
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