Comments on Lebanon’s currency fluctuations in Reuters, Jun 11 2020

12 June, 2020
read < 1 minute

Dr. Nasser Saidi’s comments on the Lebanese pound and fluctuations appeared as part of the Reuters article titled “Lebanese pound changes hands near 5,000 per dollar, market sources say” published on 11th June 2020. Comments are posted below.
Nasser Saidi, a former economy minister, said the pound’s decline had accelerated because of increased demand for dollars in neighbouring Syria, where the local currency has also hit record lows as new U.S. sanctions are set to come into effect. “There is the beginning of panic in Syria over the availability of dollars. This has transferred itself into increased demand in the Beirut market,” he said.

Read Next

media page

“Will the global economy escape recession?” Dr. Saidi on CNN Business Arabia’s podcast, Jan 2023

Dr. Nasser Saidi’s was interviewed by CNN Business Arabia ahead of its launch in

18 January, 2023

Media comments & quotes

Comments on Lebanon’s sharply falling tax revenues in L’Orient Today, 5 Jan 2023

Dr. Nasser Saidi’s comments on Lebanon’s sharply falling tax revenues were published in L’Orient Today,

6 January, 2023

Media comments & quotes

Comments on Inflation in Syria and the collapsing pound in Associated Press, 5 Jan 2023

Dr. Nasser Saidi’s comments on inflation in Syria and the collapsing pound were part of

6 January, 2023