Analysis articles

Leaked Lebanese government reform plan addresses lira peg head on

Leaked Lebanese government reform plan addresses lira peg head on

“The existing dual exchange rate is not suited for the long-term recovery of the Lebanese economy, because of its distortionary nature and the limited availability of FX-resources in the parallel market.”   The Lebanese Government’s reform program, April 6 draft Chained to the dollar for the longest time under a policy favoring partisan interests—but not Lebanon’s

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