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…

Cost of Fattoush Has Gone Up By 210%

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 follows: Breakdown of December price increases from a year earlier: - Food and non-alcoholic beverages rose 402.3% - Alcoholic beverages, tobacco up 392.5% - Clothing and footwear increased 559.8% - Restaurants and hotels rose 609% - Furnishings, household equipment and…

The Lebanese Pound 100 Years Journey

2 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 ...

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

3 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 ...

LSE Study: Questioning The Effectiveness of Foreign Aid to Lebanon

3 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 ...

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

3 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 ...

About The New Iskan Housing Loans …

5 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 ...

Where Did the Bank Deposits Go?

6 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 ...

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

10 months 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 ...

Dr. Fady Gemayel Elected President of The European Federation of Corrugated Board Manufacturers

1 year ago
Fady Gemayel, co-owner and honorary chairman of Gemayel Freres S.A.L., a leading corrugated cardboard company in Lebanon, has been elected as the new FEFCO president for a two-year term. The Brussels-based corrugated packaging industry association ...