Lack of confidence in the national currency. Private Universities: pay in dollars only!



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Faten El Haj writes in Al Akhbar under the title Private Universities Do not Trust to Read it: They Pay in Dollars Only: By chance, students from AUB, the Lebanese American University and the U.S.A. Arab University of Beirut discovered that departments had decided to transfer bills for payments, student housing and other expenses from the Lebanese pound to the US dollar. . In other words, students were exposed to the risk of exchange rate fluctuation of the lira against the dollar due to the current financial crisis in Lebanon, which requires cashiers, traders, debt collectors and universities cover these risks by transferring them to the general public.

Decisions are posted on university websites without students being notified by e-mail, as in similar decisions. Only new students received letters in this regard.

Clubs and groups of young people and students, whether they are independent or left, have had a frightening impact on students and on the national economy: the lack of confidence in the future of the local currency, which would provoke undue market disruption or overburdening students and their parents, as well as changes in the financial situation and the exchange rate in the market. In security is free of any crisis.

In a statement released yesterday, the network of students and independent clubs and secular Mada said that it was illogical that institutions operating on Lebanese territory provide services to their residents by setting premiums and costs in foreign currency, qualifying the decisions as "unjustified". Students' families earn their income in Lebanese pounds, while universities also pay the salaries of their staff and teachers in books. "The statement calls for an urgent intervention to freeze decisions before the start of the school year, pending the opening of a serious and scientific debate at the next stage." Fadi Yark, Director General of Education and Head of the Director of Higher Education, said in an interview with Al Akhbar that he would present the case to the Council of Higher Education for discussion .

According to the Southern Cultural Club of the American University (Hezbollah), this decision reflects "a lack of confidence in the national currency and strikes and puts the students under the burden of any financial change or development in Lebanon, especially given the difficult economic situation that has known the country, which may not tolerate such distortion. "The club appealed to the university administration for that. She recalls this irresponsible decision, asking the university student community to invalidate its content. While the Amal students division of the university announced that the central office of youth and sports movement would continue to work with the parties concerned to solve this problem, calling on students to take action to protect the national currency.

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