Aoun Says Thursday's Dollar Surge May be Part of 'Plot'

W460

President Michel Aoun on Friday suggested that Thursday’s dramatic rise in the dollar exchange rate on the black market could have been part of a “planned plot.”

“Financial experts stressed that the dollar or any other currency cannot jump to this extent within hours. This removes the spontaneousness label from everything that happened and indicates the presence of a planned plot against which we must show solidarity,” the president told a Cabinet session in Baabda.

“What happened yesterday as a result of the unjustified rise in the dollar exchange rate makes us wonder whether the number given to the price of the dollar was a rumor that was circulated to push people into the streets and spark confrontations, and whether it was a political ploy, a banking ploy or something else,” Aoun added.

He also noted that authorities will start implementing a “measure” as of Monday under which the central bank will supply the market with dollars and the exchange rate will “gradually drop.”

Aoun also pointed out that “the government, the central bank and banks should bear the financial losses, not depositors.”

Prime Minister Hassan Diab for his part said the country “cannot withstand further shocks.”

“Harsh measures are required against any individual or side that resort to this approach and practical measures should be taken in order to grant bigger immunity to the government and the state,” Diab added.

SourceNaharnet
Comments 10
Thumb galaxy 12 June 2020, 18:31

Yeah, an Israeli-Saudi-American plot!
What a pos!

Thumb s.o.s 12 June 2020, 18:55

You forgot European too lol

Dictators always see plots everywhere because they know they’re sitting on a siège éjectable.

Who stole our billions, is it Michel Aoun or Moshe Dayan?

The #1 thief is in Baabda, the #2 in Ain el Tineh.

Thumb just-lebanese 12 June 2020, 18:44

As usual, the “it’s not our fault” answer to all problems. It’s been going on for 30 years and does not come as a surprise to anyone. Fix SOMETHING, ANYTHING, that will actually benefit ALL Lebanese citizens. On a related note, pegging the USD to 4000L.L. or even 3000L.L. is still a major problem.

Missing charles.vaughn.961 12 June 2020, 19:15

As I have said before, can politicians please stop saying everything that goes wrong is because of (pick one or more) a "plot", "outside agitators", "infiltrators", "radicals", "communists", "fascists", "antifascists", "foreign countries", "the U.S.",etc. Maybe if the average elected official were not completely incompetent, then the average citizen would not need to go to such extremes to be heard. More often than not, the cause of the problem is staring them in the mirror.

Thumb eagledawn 12 June 2020, 21:29

“بتبقى انت الحلم، والحلم ما بيشيخ
الله يحميك
بي الكل
A fearless man - A real leader - A true statesman.

Thumb s.o.s 12 June 2020, 23:10

Qu’on donne à ce sénile grabataire son suppositoire du soir.

Thumb whyaskwhy 12 June 2020, 23:21

I have Google map pictures showing proof of Israeli agents stealing money from the pockets of every Lebanese citizen. These Israeli agents are known as the ruling government.

Thumb whyaskwhy 12 June 2020, 23:21

I have Google map pictures showing proof of Israeli agents stealing money from the pockets of every Lebanese citizen. These Israeli agents are known as the ruling government.

Thumb kanaanljdid 13 June 2020, 16:17

This guy is perfect, the bad situation of Lebanon is just because of others, not him and his friends.

Missing rabiosa 13 June 2020, 17:33

Well afteall he learned very well from the entity that brought him to B'abda, didn't he? They are the master of "foreign plot" excuses.