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3. Lebanese Central Bank Able to Control the Exchange Rate

Sources at the Lebanese Central Bank (BDL), as quoted by MTV, assured that despite the security tensions of recent days, the BDL is still able to control the exchange rate of the Lebanese pound against the dollar, especially as it has recently succeeded in collecting dollars, which has strengthened the Lebanese pound.

Still, according to these sources, the escalation of tensions has affected the economy as a whole.


Regarding Iraqi electricity and fuel payments, the sources estimated that there are no restrictions on the funds of public supplier Électricité du Liban (EDL), either in pounds or dollars.