Salam meets Mohieldin: What I mentioned about the exchange rate being lowered to LBP 12000 is based on an intensive workshop

Salam meets Mohieldin: What I mentioned about the exchange rate being lowered to LBP 12000 is based on an intensive workshop

NNA - Minister of Economy and Trade, Amin Salam, met with the Executive Director of the International Monetary Fund, Dr. Mahmoud Mohieldin, and the accompanying delegation, and discussed with his guests the current status of negotiations with the International Monetary Fund, in addition to the required future procedures and steps that must be taken for Lebanon to enter the IMF program.

Minister Salam was asked about what was attributed to him on fixing the dollar exchange rate at LBP 12000, to which he responded: "There has been a misunderstanding. Allow me to clarify. Work on lowering the dollar exchange rate to LBP 12000 is a personal estimation based on data the government is studying with the International Monetary Fund, the World Bank, and all concerned parties to help us reactivate the economy, allowing the exchange rate to be reduced to 10 to 12 thousand. In