A few days ago, the Secretary-General of Hezbollah, Sayyed Hassan Nasrallah, came out with an old and new proposal that importing Iranian oil in Lebanese pounds without the need to use the remaining foreign cash reserves in the Central Bank, describing Lebanese officials in the strongest terms, forgetting himself and his party that it is an integral part of the authoritarian structure or The corrupt authority, and an essential part and even its protector, and this became evident when he refused to overthrow the covenant government headed by Prime Minister Saad Hariri, in addition to smuggling subsidized basic materials to the Syrian regime, and other matters that we will not go into details of.
This discourse has become a strategy followed by all politicians in Lebanon, and this approach is followed in order to mislead public opinion, and they rely in their strategy on people’s passion and ignorance and how to divert attention from their corruption, a theory that Noam Chomsky spoke about.
But apart from political stances towards the party: Why does Iran want to sell us oil in Lebanese pounds when it suffers from the loss of foreign currency due to sanctions against it? This is a question that needs research and in depth to understand the issue.
The first thing that the Lebanese do after waking up from his sleep is to search for the price of the dollar on electronic platforms. This routine process has become part of his daily life. The dollar has become the secret of his insomnia and anxiety from tomorrow. His life, the image of the dollar has become only on the Internet and does not exist in the markets as if a ghost came and withdrew all the dollars from the markets and became a rare commodity, and herein lies the danger of the matter, as it has turned from a circulated currency to a commodity that is impossible to find and obtain.
The writer Nicholas Galant stated that, according to economic studies at the French Institute of Scientific Economics and Management, “Eric Dore”, the crisis in Venezuela is considered “exceptional” in terms of its scale and its humanitarian and demographic effects alike, as the country suffers from massive immigration, because its population suffers from hunger. They are deprived of medicines, and in addition to the serious shortage of basic necessities, Venezuelans also face difficulties related to the oil field, which is the main source of the country’s resources.
Venezuela is very similar to Lebanon in terms of inflation, the public deficit has risen very significantly, because the state did not control its spending, and in order to control this public deficit, Caracas printed a lot of securities, thus collapsing the value of the bolivar against the dollar, which pushed Venezuelans have to transfer their wages from the bolivar on the black market, and this is exactly what happened in Lebanon, and the inflation rate has reached a record level and is still continuing to expand.
The magnitude of the economic disaster caused by that inflation is considered very serious in terms of the collapse, bankruptcy of companies and institutions and the dismissal of employees, but the social, security and moral aspects that will increase are the most dangerous aspects of the economic aspect, and this puts Lebanon at a crossroads, the easiest of which is the decay of the state and the control of militias.
Today, the scene is a loss of gasoline and cuts of electricity, and they also announced to us the cut off of the Internet and other calamities, all due to the reason for the loss of the dollar from the markets and the severe bleeding in the Central Bank reserves.
However, in Mr. Hassan’s opinion, the idea he presented will present a possible solution in the near future, but if we delve into this proposition, its effects will be dire for Lebanon for several considerations. Mr. Hassan has forgotten that the Iranian people suffer from a shortage of gasoline and stand in queues for hours. , also standing in queues at the doors of banks.
The Iranian’s suffering is similar to the suffering of the Lebanese, but the Iranian wants to put an end to the depletion of foreign exchange, especially Hezbollah’s budget, which is estimated at one billion dollars annually, and that selling oil in Lebanese currency will return its revenues to Hezbollah, and this will increase the inflation situation, because the state will print more From the pound to buy oil, and that printed money will return to the Lebanese markets again, and this means an abundance of money, and this means another inflation.
Also, Hezbollah will no longer receive in foreign currency as it was in the past because it will receive in Lebanese pounds, and this will lead to confusion in its social environment, but in return, in order to ease their burdens, it will contribute to the distribution of Iranian oil as much as possible to its environment at cheap and smuggled prices as well. It will, in his view, lighten the burdens on all kinds of industries and commerce that need gasoline.
In addition, he has started working on a carpet card and putting Iranian goods in his areas, but he also thought that such a step – and if the Lebanese government accepted it – would plunge us into a new crisis, because of this step and because of the sanctions imposed by the United States of America on exporting Iranian Oil Lebanon will be subjected to severe economic sanctions, in addition to its increasing isolation from its Arab and international surroundings, and it will increase in poverty and collapse.
Such solutions – on top of which is the theory of heading east – will only lead to a more and more siege of Lebanon, and in return there is a package of solutions that may be a real road map, but this does not mean that we will not pass the dark tunnel. But this proposition is in order to return Lebanon to the right path and the beginning of the Renaissance again, the first of which is by producing a new political class capable of restoring confidence in Lebanese society and returning political life to its normal position, then enacting a law to recover looted funds, stopping waste and budget deficits, and issuing a new banknote An alternative to the lira that was depreciated, and the restoration of Lebanese-Gulf relations that will lead to the return of investors, but all this requires a real intention from the current political class to save the country by forming a government with exceptional powers to stop the current massacre that will leave no one behind.