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The Impact of the Devaluation Management of the National Currency Against the US Dollar on the Rights of Contractors in Lebanese Law

The Impact of the Devaluation Management of the National Currency Against the US Dollar on the Rights of Contractors in Lebanese Law

Tareck Alsamara, Hussein Ali Dbouk, Ghazi Farouk
Copyright: © 2022 |Volume: 13 |Issue: 1 |Pages: 10
ISSN: 1947-959X|EISSN: 1947-9603|EISBN13: 9781799884378|DOI: 10.4018/IJSSMET.314633
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MLA

Alsamara, Tareck, et al. "The Impact of the Devaluation Management of the National Currency Against the US Dollar on the Rights of Contractors in Lebanese Law." IJSSMET vol.13, no.1 2022: pp.1-10. http://doi.org/10.4018/IJSSMET.314633

APA

Alsamara, T., Dbouk, H. A., & Farouk, G. (2022). The Impact of the Devaluation Management of the National Currency Against the US Dollar on the Rights of Contractors in Lebanese Law. International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), 13(1), 1-10. http://doi.org/10.4018/IJSSMET.314633

Chicago

Alsamara, Tareck, Hussein Ali Dbouk, and Ghazi Farouk. "The Impact of the Devaluation Management of the National Currency Against the US Dollar on the Rights of Contractors in Lebanese Law," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET) 13, no.1: 1-10. http://doi.org/10.4018/IJSSMET.314633

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Abstract

The article investigates the impact of national currency devaluation management against the US dollar relative to contractor rights. It demonstrates the source of the problem imposed on Lebanon by banking conditions and policies and provides legal solutions to a problem that many contractors still face. This includes an examination of the judicial approach used by Lebanon's judicial bodies to solve legal issues arising from the devaluation of the national currency. According to the article, practice in Lebanon has revealed institutional confusion in determining the value of the national currency in relation to the dollar. To address the issue of assigning the value of the national flag to the dollar, a unified legal system must be established.