Private universities do not trust reading: pay in dollars only!



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Incidentally, students from the American University of Beirut, the American University of Lebanon and the Arab University of Beirut discovered the decision of the administrations to transfer bills, student housing and other expenses of 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.

The network of students and independent clubs and secular Mada said in a statement released yesterday that it was unreasonable for institutions operating on Lebanese territory to provide services to their residents by setting the price of premiums and costs in foreign currencies, qualifying the decisions as "unjustified". The students' parents earn their income in Lebanese pounds, while the universities also pay the salaries of their employees and their teachers. The statement calls on the Ministry of Education to intervene urgently to freeze decisions before the start of the school year, pending the opening of a serious scientific debate during of the next step. Fadi Yark, director general of education and head of the director of higher education, told Al Akhbar that he would present the issue to the Council of Higher Education for discussion.

Exposing students to the risk of fluctuations in the exchange rate of the reading

According to the South American Cultural Club (Hezbollah), this decision reflects "a lack of confidence in the national currency and strikes them and puts the students under the weight of any financial change or development in Lebanon, counts in particular the difficult economic situation in which the country is located and may not tolerate a negative situation ". Such a distortion. "The club called on the university administration to revert to 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.

The sources of the student groups were astonished that such a decision comes into effect in the autumn of 2019, silently and secretly and in a "dead time", after the end of the semester. summer, if the background behind this uptake of student anger and the slowing down of their interceptor movements faded. The sources said they were seeking to turn the problem into a public opinion problem pending action on the ground early in the next academic year.
However, the head of the information office of the American University Simon Kcher confirmed that this announcement was on the "website" since June. He pointed out that the university adheres to an accredited international admission system in 800 US educational institutions around the world, which is bound to abide by its terms, and explained that students can pay in the currency of their choice, at the exchange rate of the read.

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