France Is Reportedly Planning A Currency Board For Lebanon

France Is Reportedly Planning A Currency Board For Lebanon

French President Emmanuel Macron recently announced a plan to help safeguard vital public services in crisis-hit Lebanon. The "financial mechanism“ that is being studied will culminate in the creation of a currency board, a monetary authority that would be used to control the fluctuation of the Lebanese pound against the U.S. dollar, according to Annahar. This authority would ensure that Lebanon continues to provide basic services and goods for its people in case the country faces total collapse amid a [“¦]

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French President Emmanuel Macron recently announced a plan to help safeguard vital public services in crisis-hit Lebanon. The "financial mechanism“ that is being studied will culminate in the creation of a currency board, a monetary authority that would be used to control the fluctuation of the Lebanese pound against the U.S. dollar, according to Annahar. This authority would ensure that Lebanon continues to provide basic services and goods for its people in case the country faces total collapse amid a [“¦]