The Lebanese pound weakened again and yesterday reached about 19,000 against the US Dollar. After the formation of the new government, the pound fell to $15,000 to $1 after peaking at $23,000 in the summer. So why is this happening now? Simply the optimism that gripped the Lebanese after the announcement of the new government faded. Without significant steps the Lebanese citizen will feel in his pocket the dollar exchange rate will continue to strengthen.
It is worth remembering that the dollar is de facto the national currency of Lebanon and 75% of the transactions in the market are made in it. Without increased investment and assistance from abroad in conjunction with the release of the Lebanese exchange rate, it will be difficult to stop its "addiction" to the green currency.