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Without IMF aid, exchange rate could exceed LL 110,000 by end of 2026, finance institute warns

Julien RICOUR-BRASSEUR, Magaly ABBOUD- The very first lines of the report set the tone: authorities in Lebanon “have again placed their own personal interest above the needs of the country.”The Institute of International Finance (IIF), which brings together several hundred major banks around the world, has at times erred towards optimism in its analyses of the Lebanese situation. However, in its latest report published this month, written under the direction of IIF chief MENA economist and former IMF executive Garbis Iradian, the institute does not mince words.