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governmentAugust 24, 2022

Adwan dubs customs dollar rate as 'random, ill-considered', says 'govt. has no plan'

Head of the Justice Committee MP Georges Adwan said Tuesday that the government doesn't have an economic plan but is rather taking random and ill-considered steps.

'The customs dollar is part of a non-existent plan,' Adwan said, asking how and why did the government choose the rate of LBP 20,000 to the U.S. dollar, while depositors can only withdraw from their dollar savings at a rate of LBP 8,000.

'The Lebanese are being robbed and the government and the Central Bank are participating in stealing the citizens' deposits,' he added.