حاكم مصرف لبنان بالإنابة لـ CNBC عربية:  لن يكون هناك عودة لتعدد أسعار الصرف - video Dailymotion

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Transcript

00:00 Regarding the exchange rates, there will not be a return to the multiple exchange rates.

00:05 Things must be defined as they are.

00:07 The current exchange rate is the real exchange rate for the US dollar in the equilateral market,

00:13 which is today in Lebanon 89,500 Lira.

00:16 Any other exchange rate for what is called the "economic dollar",

00:19 let's call it what it is, is a haircut, a deduction from the deposit of the depositors when they withdraw this money.

00:26 The haircut, or in terms of capital control, meaning the amount that can be withdrawn at the actual time,

00:31 these two things are only in the laws that are issued by the Parliament.

00:35 Therefore, the Central Bank, from the previous one until today,

00:40 has put the issues to be issued, as we said, in the appropriate laws,

00:44 and on top of that, has made a clear and swift decision in terms of the re-establishment of the banks,

00:49 and the distribution of the financial surplus, meaning the distribution of losses in the system,

00:53 so that the depositor does not bear a part of the losses, or a large part of the losses,

00:58 because the depositor, every day, is late, he already has losses, he is bearing losses.

01:02 For this reason, it is necessary that today, the day before tomorrow,

01:05 clear laws be put in place to answer the depositor on when he wants to withdraw,

01:11 what conditions he wants to take,

01:12 there was a request from the Lebanese government, and I hope it will be studied seriously.

01:16 As the Central Bank's governor, I have imposed the complete transparency in the work of the Central Bank

01:21 and in the banks' budgets.

01:22 For this reason, the Central Bank's budget has been disbursed, in total, 167,

01:27 and this is the second request from the Central Bank's government,

01:29 which has completed a program with Lebanon.

01:32 The disbursement of the bank's budget has been unified for all the banks,

01:35 so there is no redundancy in the disbursement of the bank's budget,

01:39 including the Lebanese deposits, which have become the actual disbursement of the budget.

01:42 And this is where the main question comes in.

01:44 Can all the money be paid today, whether in Lebanese Lira or in the US Dollar,

01:49 to all the depositors? The answer is that all the Lebanese and all the depositors know.

01:54 Today, I don't know, today, on April 16 or 17, 2024,

02:00 the money is completely absent, and it cannot be fully refunded.

02:04 What is required today is to put in place a suitable plan,

02:07 a suitable and acceptable plan to refund the depositors' money.

02:10 And this matter has conditions, and in my opinion, it is a path.

02:15 The matter should not be linked to being realistic in the current situation, as I said.

02:19 The war in the south, the lack of political and economic stability,

02:22 and a decrease in state income and the absence of growth,

02:25 all these things mean that the refund of the deposits today is impossible,

02:29 but a path should be taken, starting today,

02:32 to prepare a clear plan to refund the depositors' money.