Connect with us

World

Lebanon is on the hot plate of elections … and the pound is facing 3 shots

Published

on

Lebanon is on the hot plate of elections ... and the pound is facing 3 shots

And by entering the country The state of electoral peaceThe price is Lebanese pound Especially since the currency has lost more than 90 percent of its value since October 2019, a frenzy at the center of the election field.

The fall of the lira led to the poverty of a large number of people Lebanon The monthly salary is now only a maximum of one or two days.

Lebanese are wondering what will happen to the lira against the US dollar on Monday, amid expectations that the currency will take 3 possible paths after the election results.

Bitterness and matter

In an interview with Sky News Arabia, economist Nicola Sikhani said that waiting in Lebanon after the parliamentary election results could be described as bitter and bitter.

He explained that if the central bank did not intervene after the election, “it’s a problem”, while the dollar is expected to rise to new record levels in the equivalent market, which could be as high as ,000 35,000 or even 50,000 per dollar. This could lead to a further worsening of the pound and the price of inflation.

But if Bank to Liban intervenes, a second problem will arise, according to a Lebanese expert, because it will remove compulsory reserve funds that cannot be used to maintain the value of the dollar within currently recorded limits. Parallel market, and Shekhani described the practice as a “big financial mistake”.

Bargaining and distrust

Shekhani expressed his disbelief about the coming period, saying “there is a problem in both cases because the balance of payments is negative. Lebanon did not launch an economic plan, but politicians continued their differences.”

See also  Belarus complains to President Putin: Wagner's forces are making us nervous because they want to go to Poland and we are stopping them | news

Shekhani said the exchange rate of the US dollar would be between 25 and 27 thousand pounds today, “citing a pre-election political agreement to avoid a fall in its value, and called on the Lebanese central bank to intervene. It paid $ 500 million closer to the market.”

Shekhani describes this amount as “the largest amount that can be spent on setting up a plant to generate electricity.”

Stability direction

On the other hand, bank risk expert Mohammed al-Fahili believes that Bank to Liban intervention in the market reflected the stability of the dollar exchange rate against the lira. Elections.

In an interview with Sky News Arabia, al-Fahli explains, “After the economic crisis that hit the country from 2019, the priorities of Lebanese as individuals or businesses are changing because they are now looking at how to adapt. The changes imposed by the exchange rate change.”

“The stability of the exchange rate builds stability on the basis of which Lebanese determine their spending,” the researcher pointed out.

But al-Fahli did not hide his fears that some of the affected parties would market their concerns over the lira after the election, due to lawsuits between the Banks Association of Lebanon and the Bank to Liban. Will be filed against the Lebanese government for this purpose.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World

Military operations in Khan Yunis will continue for another 3 to 4 weeks

Published

on

Military operations in Khan Yunis will continue for another 3 to 4 weeks

Dozens of people were killed and wounded in an Israeli attack on the southern Gaza Strip.

Today (Sunday), the Israeli army tightens its grip on southern Gaza, while hundreds of thousands of Gaza residents try to escape the army’s violent battles against the Hamas movement.

On Sunday morning, Hamas announced in a statement that “occupation warplanes continued their most violent attacks in areas south of the city of Khan Yunis,” speaking of a “belt of fire with dozens of attacks targeting the road between Khan.” Younis and Rafa, as reported by the “Hamas Agency”, a French newspaper.

He added that this was “accompanied by intense Israeli artillery fire near the Gaza European Hospital in Khan Yunis, in the southern Gaza Strip.”

In turn, the Palestinian News Agency reported that 10 people were killed and dozens injured in a bombardment carried out by Israeli planes targeting a house in Khan Yunis early today (Sunday). He added that most of the dead were children, as reported by the Arab World News Agency.

Palestinian television reported on Sunday that 45 people had died since evening at Al-Aqsa Martyrs Hospital in the central Gaza Strip as a result of Israeli bombing.

The Palestinian News Agency reported that Israeli military aircraft carried out violent attacks on Deir al-Balah and the Nusirat, al-Maqasi and al-Jawaita camps in the central Gaza Strip, as well as the al-Tufa and al-Shujaya neighborhoods east of Gaza. The city and several areas in the northern Gaza Strip.

The Jordanian army said in a statement today (Sunday), citing an official military source from the Jordanian army’s general command, that there were no casualties or material damage due to the shelling of a Jordanian field hospital in southern Gaza. and continued Israeli bombardment of the Strip resulting in smoke bombs.

See also  Study: The origin of man on earth is earlier than thought

He added: “The General Command of the Armed Forces confirms the continuation of the work of the medical teams in the Gaza Strip and their fulfillment of their humanitarian duty to the families and brothers in the area.”

The Palestinian News Agency reported late yesterday (Saturday) that an Israeli military artillery attack targeted a Jordanian field hospital in Khan Yunis, south of Gaza. But there were no casualties in the blast. He added that the cannon fired a shell at the hospital, causing damage and loss.

On Saturday, Israel confirmed its intention to “intensify pressure” in its attack on Hamas in Gaza, a day after the United States used its veto against a draft resolution calling for an “immediate ceasefire on humanitarian grounds” at the UN Security Council.

Israeli army chief Herzey Halevi called for “intensification of military pressure” on Hamas. For his part, Israeli National Security Adviser Tzachi Hanegbi announced on Israeli Channel 12 that “more than 7,000 terrorists” had been killed in Gaza.

At the start of its ground offensive, the Israeli army asked residents of the northern Gaza Strip to move south. But after fighting intensified in the south and the United States used its veto at the United Nations against a resolution proposing a ceasefire, public fears in the Gaza Strip grew. Especially in the south.

Most of the 1.9 million people displaced by the war have gone south to the Gaza Strip, turning Rafah, which borders Egypt, into a large refugee camp.

Death Penalty

In parallel, the United Nations Relief and Works Agency for Palestine Refugees in Southern Gaza (UNRWA)-affiliated shelters, amid overcrowding and poor sanitary conditions, have seen a significant increase in infectious diseases such as diarrhea, acute respiratory infections and skin infections. .

See also  "Wagner" elements in the hands of extremists in Mali ... Pressure card or promotion?

UNICEF Regional Director for the Middle East, Adel Ghadr, said: “Nearly a million children have been forcibly displaced from their homes, further and further south, into small, overcrowded areas with no water, food or security.” He added: “Restrictions on the delivery of life-saving aid through the Gaza Strip are another death sentence for children.”

The death toll continues to rise, with the Hamas health ministry reporting that the bodies of at least 133 Palestinians have been transferred to hospitals in the past 24 hours.

The latest tally released by the ministry on Saturday evening put 17,700 people, most of them women and children, dead in the Strip since the war began.

The war erupted following an unprecedented attack by Hamas on Israel on October 7, which resulted in the deaths of 1,200 people, most of them civilians, according to Israeli officials. The movement took about 240 hostages, of whom 138 are still being held.

In response, Israel vowed to “destroy” Hamas, continued heavy bombardment of the Gaza Strip and began ground operations inside it since October 27.

Continue Reading

World

The President, his two deputies and the Rulers condole the Custodian of the Two Holy Mosques on the death of Dalal bin Abdulaziz.

Published

on

The President, his two deputies and the Rulers condole the Custodian of the Two Holy Mosques on the death of Dalal bin Abdulaziz.

The head of state, Sheikh Mohammed bin Zayed Al Nahyan, may God protect him, sent his condolences to his brother, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of the sister kingdom of Saudi Arabia. Arabia, in which he expressed his sincere condolences and sincere sympathy on the demise of Dalal bin Abdulaziz bin Bandar.

Two similar condolences to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, may God protect him, and Sheikh Mansour bin Saeed Al Nahyan, Vice President of the United Arab Emirates, Deputy Prime Minister, Chief Presidential Court, Custodian of the Two Holy Mosques sent cables.

Comfort

He also sent Sheikh Dr. Sultan Bin Muhammad Al Qasimi, Member of the Supreme Council, Ruler of Sharjah, His Highness Sheikh Humaid Bin Rashid Al Nuaimi, Member of the Supreme Council, Ruler of Ajman, His Highness Sheikh Hamad Bin Mohammed Al. Sharqi, Member of the Supreme Council, Ruler of Fujairah, and His Highness Sheikh Saud bin Rashid Al Mualla, Member of the Supreme Council, Ruler of Umm al-Quwain, and His Highness Council Member Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, their brother, the Two Holy Mosques The Guardian sent condolence cables to King Salman bin Abdulaziz Al Saud of the sister kingdom of Saudi Arabia, who expressed their sincere condolences and sincere sympathy. Death of Talal bin Abdulaziz bin Bandar bin Abdulaziz Al Saud.

Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman. Prince, His Highness Sheikh Nasser bin Rashid Al Nuaimi, Deputy Ruler of Ajman, His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah. Crown Prince of Ras Al Khaimah Sheikh Mohammed bin Saud bin Saqr Al Qasimi, with condolences to Sheikh Rashid bin Saud bin Rashid Al Mulla, Crown Prince of Umm Al Quwain and Custodian of the Two Holy Mosques.

See also  Study: The origin of man on earth is earlier than thought

Continue Reading

World

After ‘veto’ vetoing Gaza ceasefire, Abbas: US stance ‘immoral’

Published

on

After ‘veto’ vetoing Gaza ceasefire, Abbas: US stance ‘immoral’

(CNN) – Palestinian Authority President Mahmoud Abbas (Abu Mazen) said Saturday that the United States was responsible for the “bloodshed” of civilians in Gaza, a day after the U.N. The United States used its veto against the Security Council resolution. .. an immediate ceasefire in the Strip.

According to the official Palestinian News Agency (Wafa), Abbas condemned the “veto” and described the US position as “immoral” and a “flagrant violation of all humanitarian values ​​and principles”.

According to Wafa, Abbas said, “The US is responsible for the bloodshed of Palestinian children, women and the elderly in the Gaza Strip.”

Abbas said the United States was complicit in what he called “war crimes committed by Israeli occupation forces against Palestinians in the Gaza Strip, the West Bank and Jerusalem,” and called on the international community to seek solutions. Before this dangerous crisis turns into a religious war that threatens the entire world.

A rare intervention this week by UN Secretary-General Antonio Guterres led to a UN Security Council vote on Friday on a resolution calling for an immediate ceasefire in Gaza.

On Friday, the United States used its veto during a UN Security Council vote against a draft resolution calling for an immediate ceasefire in the Gaza Strip.

Thirteen countries in the Security Council voted in favor of the draft resolution, with the United States using its veto and the United Kingdom abstaining from voting.

The resolution, opposed by the US, called for an “immediate ceasefire on humanitarian grounds” and the “immediate and unconditional release of all hostages”.

Continue Reading

Trending

Copyright © 2023