Posted By
Najib
Jul 27, 2021 05:35
The answer is no, at least not in the next 3 to 5 years. As much as I want to believe that the revolution can still bring the Sulta down to its knees, the situation is very different from October 2019 and chances of a real change are very slim at the moment. Does that mean the Revolution was crushed? No. It was weakened severely but the revolution will always be alive and I am…
Posted By
Najib
Jul 08, 2021 11:01
The answer would obviously be YES in any other time, but it's not that simple given the circumstances Lebanon is going through right now. While expats will bring in "fresh" dollars, they will also increase demands for imports and will be consuming subsidized goods, mainly gas, which will harm the economy rather than benefit it. We are already draining our reserves to subsidize gas and food and other necessities supposedly for those still getting paid…
Critiques
1 month ago
Annahar reported yesterday that the French President is considering establishing a currency board for Lebanon in case everything falls apart. Talks about a currency board had emerged earlier this year when Steve H. Hanke, an ...
Critiques
2 months ago
Lebanon’s Central Bank issued a statement on Sunday claiming that they’re working on a plan with the banks to repay up to $25,000 in “fresh” dollars covering deposits done before Oct 17 2019. The payments ...
Critiques
2 months ago
Ever since the Lira crisis begun, all experts agreed that lawful capital control measures needed to quickly be put in place protect the remaining foreign reserves and avoid further depreciation of the Lebanese Lira. Unfortunately, ...
Critiques
2 months ago
Last week, Saudi Arabia decided to issue a ban on all produce coming from Beirut after seizing millions of captain pills hidden inside pomegranates. Few hours later, Saudi’s Center for International Communication shared an infographic ...
Critiques
2 months ago
Over 1000 billion liras were allocated by the Lebanese authorities to clean the Litani River, in addition to consuming a 55 million dollars loan from the World Bank, and the outcome was over 40 tonnes ...
Critiques
2 months ago
French Foreign Minister Jean-Yves Le Drian stated yesterday that France is imposing entry restrictions on some Lebanese figures for alleged corruption or for blocking the government formation. French President Macron had already proposed an initiative ...
Critiques
2 months ago
Remember that famous campaign that went viral a month ago urging the Public Works Minister to sign Decree No.6433? Well he did end up signing it but the President has refused to sign it claiming ...
Critiques
3 months ago
The long-awaited BDL platform “Sayrafa 2.0” was officially launched last week and is aimed at allowing banks to buy & sell dollars and set up a unified rate that is not subject to any manipulation. ...
