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.
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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.”
