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Moawad: Pumping more dollars increases the funneling of the currency towards Syria

June 14, 2020

The head of the "Independence Movement" MP Michel Moawad stressed that pumping more dollars into the market is a very dangerous decision and will not solve the dollar price crisis, but will increase the foreign currency funneling towards Syria at the expense of depositors' s funds and Lebanon's ability to secure the minimum of its needs. Moawad, in a tweet said: “There is no solution but with radical reforms. Let the government take its responsibilities instead of threatening the future of Lebanon and the Lebanese. ”

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