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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

Author

Listed:
  • Tareck Alsamara

    (Prince Sultan University, Saudi Arabia)

  • Hussein Ali Dbouk

    (Lebanese University, Lebanon)

  • Ghazi Farouk

    (Annaba Badji Mokhtar University, Algeria)

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.

Suggested Citation

  • Tareck Alsamara & Hussein Ali Dbouk & Ghazi Farouk, 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), IGI Global, vol. 13(1), pages 1-10, January.
    • Handle: RePEc:igg:jssmet:v:13:y:2022:i:1:p:1-10
    as

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    File URL: http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJSSMET.314633
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    References listed on IDEAS

    as
    1. Harun Abubakar Siddique, "undated". "The Lebanon crisis from international political economy perspective," Review of Socio - Economic Perspectives 202202, Reviewsep.
    2. Brian J. Galli, 2020. "Economic Decision-Making in Private Corporations Versus Public Sector: How to Compare Both Sectors," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 11(1), pages 73-98, January.
    3. Brian J. Galli, 2019. "Critical Thinking of Human Resources in the Goal: A Research Note," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 10(1), pages 19-29, January.
    4. Mohamad Albakjaji & Jackson Adams & Hala Almahmoud & Amer Sharafaldean Al Shishany, 2020. "The Legal Dilemma in Governing the Privacy Right of E-Commerce Users: Evidence From the USA Context," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 11(4), pages 166-187, October.
    5. Amit Kumar Arora & Ankit Panchal, 2021. "Human Resources Accounting Disclosure Practices (HRADP): A Review," International Journal of Service Science, Management, Engineering, and Technology (IJSSMET), IGI Global, vol. 12(1), pages 97-110, January.
    6. Bitar, Joseph, 2021. "The unique dollarization case of Lebanon," Economic Systems, Elsevier, vol. 45(2).
    7. Brian J. Galli, 2019. "Economic Decision Making and Risk Management: How They Can Relate," International Journal of Risk and Contingency Management (IJRCM), IGI Global, vol. 8(1), pages 34-58, January.
    Full references (including those not matched with items on IDEAS)

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