Lebanon’s central bank Banque du Liban has achieved 12 months of exchange rate stability. Foreign currency reserves have recently clawed back above $10 billion. At the one-year mark of Wassim…
Banking & Finance
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An alternative to ineffective banking reforms and recovery plans The latest version of the bank resolution law has the same pitfalls as the previous ones. Mainly, the law proposed the…
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Beirut SE (One month) Current year high: 1,200.49 Current year low: 705.56 During the buildup towards end of year revelry, excitement in Lebanon was largely reserved for street life and…
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We live in a time when hardly a day goes by without hearing about a cybersecurity incident. The need for a safe and secure digital world significantly grew after the…
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Banking & FinanceCommentSpecial Report
No Legal Legs to Stand On: Mikati’s Plan for the Financial Crisis
Since the start of Lebanon’s financial woes at the end of 2019, the government has proposed several measures to address the liquidity crisis in banks. Yet all the suggested measures…
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Lebanon’s fiscal policy over the past decades has been in most years very expansionary. Fiscal deficits at the end of the civil war relied heavily on domestic currency financing. Foreign…
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AnalysisBanking & FinanceSpecial Report
The legality and the perceptions of banking based in Lebanon
To the interest of anyone who is not a part of the political and banking power ensemble, an absurd theater of dance and song is being played out on the…
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Lebanon’s socio-political-economic cancer has metastasized through critical levels of political corruption and nepotism, with flagrant economic and social exploitations, from politicians, their institutions, and the elitists who surround them. The…
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AnalysisBanking & FinanceSpecial Report
The Local Bitcoin Market and the Crisis
by Sasha Matarby Sasha MatarLebanon’s banking crisis is yet to offer depositors any cushion to soften the blow of capital control restrictions, a crumbling currency, and an uncertain future. As depositors become well versed…
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In periods of economic uncertainties, people look for safe havens to preserve the value of their money and assets, and the choices of investors during the current global and local…