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…
Tag:
fiscal policy
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As Lebanon keeps pushing through one of the greatest economic and financial collapse’s in history, we can only appreciate the resilience of its private sector. Since the “official” start of…
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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…
