Funds Held by Lebanese in Swiss Banks Up By $2.7 Billion in 2020

EM Economist & Former and previous Director of the Geo-economics and Strategy Programme Alia Moubayed shared some insightful figures this week on the surge in funds held by Lebanese in Swiss Banks since 2019. According to the above chart, "funds have surged on the year by nearly two-thirds...to 6.46bn francs...the highest sum since Swiss National Bank began releasing the data, in 1996". The surge in Swiss banks funds was accompanied by a drop in Lebanese…

Lebanon’s Public Debt Has Dropped by Over 80 Billion Dollars

Megaphone shared a very interesting report on how Lebanon's public debt has dropped by over 80 billion dollars since last year, mainly due to two factors: - Eurobond prices have dropped sharply - Lebanese bonds value has dropped significantly In numbers, the Eurobonds have lost over 85% of their value and are now worth 5 billion instead of 36 billion dollars. Meanwhile, the Lebanese bonds are now valued at 7 billion at the market rate…
Economics

Cost of Fattoush Has Gone Up By 210%

3 months ago
Food prices have soared by up to 400% in December 2020 and Lebanon’s inflation rate has hit 84.9% in 2020, the highest since 2013. Last December, food prices have increased by up to 400% as ...
Economics

The Lebanese Pound 100 Years Journey

4 months ago
Lebanon issued its first coins in 1924 in denominations of 2 and 5 (قرش) with the French denominations given in Syrian piastres. The first banknotes were issued in 1925 and it was only in 1939 ...
Economics

The Big Mac Index : Lebanon Now Tops Cheapest Places To Buy A Big Mac

4 months ago
The Big Mac Index was created in 1986 by The Economist and is an “informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which ...
Economics

LSE Study: Questioning The Effectiveness of Foreign Aid to Lebanon

5 months ago
Valentina Finckenstein, the author of this LSE Ideas study entitled “How International Aid Can Do More Harm Than Good: The Case of Lebanon“, questions the effectiveness of international aid to Lebanon throughout the last three ...
Economics

Lebanon Minimum Wage (in $) Has Dropped by Over 90%

5 months ago
The minimum wage in Lebanon is LL675,000 which was the equivalent of $450 prior to October 2019, is now worth 70$ ONLY! And given the rate at which the LIRA is deteriorating recently, it will ...
Critiques

About The New Iskan Housing Loans …

7 months ago
I was looking for information regarding the new subsidized housing loans that were announced a week ago and I found this great informative video by Jad Ghosn. To sum things up quickly, we got $165 ...
Critiques

Where Did the Bank Deposits Go?

7 months ago
Between end of 2018 and February 2020, 98,885 accounts were closed in Lebanese banks, the majority holding between 5 and 30 Million Liras. $21.3 Billion Dollars is the total amount of cash withdrawn from banks ...
Critiques

Lebanon Downgraded to C from Ca, Lowest Grade by Moody’s

1 year ago
Moody’s has lowered Lebanon’s credit score to C, which is the same level as Venezuela. Obligations rated C are the lowest-ranked class of bonds and are typically in default, with little prospect for recovery of ...
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