Lebanese Minister of Economy and Trade Mansour Buttish said that the currency rate in Lebanon is fixed and there is no fear for the Lebanese pound.
The Lebanese minister said in an exclusive interview with "." that "talk about economic collapse and financial bankruptcy is not linked to figures, which spoke about financial bankruptcy and collapse did not give any figures, this is a kind of intimidation."
He added: "The stage is accurate but all political parties bear their responsibilities and the meeting of the Baabda Palace, on Friday, confirms that we are going to a new stage, the stage of redevelopment of fiscal control more and more."
He pointed out that “ the 2019 budget points to major reforms in the future, and we are going in the reforms and control of public finances and go to investment spending, as stated by Prime Minister Saad Eddin Hariri's statement we reached political arrangements appeared yesterday, accompanied by projects at the same time for the benefit of Lebanon. ''
"The exchange rate in Lebanon is stable and stable and no one is thinking of playing at the currency, but we are a free economic system. Any change up or down in a currency like all currencies is due to supply and demand, and we hope that things will return to the best," he said.
He added that the country needs investment projects and the Cedar conference will be positive because it stimulates the infrastructure and provides an increase for real and sustainable economic growth.
Lebanon's economy is suffering from a worsening public debt estimated at more than $ 86 billion, as Lebanese politicians sought to collect the funds of the Cedar Conference on condition of economic reforms, which led the Lebanese state to adopt austerity budget that reduces the fiscal deficit from 11.4% to 7.6%. %.
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