The former head of the Banking Control Commission, Samir Hammoud, considered that “the remaining billions and gold are on the way to liquidation and disbursement.”
The former head of the Banking Control Commission, Samir Hammoud, expected the dollar exchange rate to reach 999,000 Lebanese pounds, explaining that he had expected in 1984 that the dollar exchange rate would reach three figures, and this is what happened “and today, if we continue in this pattern and for two years, the exchange rate will reach to 6 numbers, i.e. 999,000 pounds, and the reason is that we will not accept the pound in its circulation.”
Commenting on the circular of the Banque du Liban regarding the payment of $400 cash to depositors per month, Hammoud considered as part of the “Lebanese Scene” program on “Al-Hurra” channel with the media, Layal Al-Akhtyar, that this measure is to mitigate the social explosion and to buy time, and said: “The Banque du Liban has the 15 billion dollars, then he has gold, and if the situation continues as it is, the remaining billions and gold are on the way to liquidation and exchange.” He added: “The ruler was spending for the survival of the state, and today it will be spent for their survival. The ruler has two years, the president has a year and a half, and the parliament is a year, and there An inevitable explosion on the road, with my behavior, there is no other story.”
Regarding the remaining funds in the Banque du Liban, Hammoud considered that the remaining 15 billion dollars cannot be spent in full, so 10 billion dollars can be spent, so the balance cannot become zero if it is a bank or from the side of the Bank of Lebanon, and the banks cannot continue to live, as well as with correspondents. If their balances are zero.