Comments on Lebanon’s devaluation in Bloomberg, 1 Feb 2023

2 February, 2023
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Dr. Nasser Saidi’s comments on Lebanon’s devaluation appeared in the Bloomberg article titled “Lebanon Devalues, Still Leaves Pound Far Away From Black Market“, published on 1st Feb 2023.

Comments are posted below.

The central bank “is continuing with a policy of using the printing press, printing pound to buy dollars in the market, including through the Sayrafa platform,” said Nasser Saidi, a former minister of economy and a vice governor at the central bank. “The consequences are clear: accelerating inflation and depreciation of the pound in the market.”

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