Three Key Reasons Behind the Lebanese Lira’s Recent Freefall

The Lira has lost over 90% of its value in the past 18 months and there is no end in sight. However, what's noticeable is that the Lira dropped from 10,000 to 15,000 to the dollar in just one week. What changed in the last week? What are the reasons behind this quick collapse? 1- Measures against currency exchange offices & platforms: The supply & demand is what's making the Lira drop, but it has…

Lebanese Lira Hits New Low, Crossed 15,000 Mark

It's been few months now that the Lira had been losing 200/300 Lira every week or so of its value, but the Lira's latest plunge has made it lose over 90% of its value in few days time and it just crossed the LL 15,000 mark today. It's hard to describe the key reason behind this recent deterioration as there are many factors involved, but the shortage of dollar tops them all. People and businesses…
Critiques

There’s No LL1,000,000 Bill (Yet)

3 years ago
A picture of a 1,000,000 LL bill has been circulating online for the past week, however it’s a fake bill that was shared by Al Khanda2 newspaper to reflect on the continuing Lebanese lira downward ...
Critiques

Did The Iranian Ambassador Ignore Wehbe’s Summoning?

3 years ago
Zgharta MP Michel Moawad tweeted this morning that the Iranian ambassador has refused to get summoned by Lebanon’s Foreign Minister, following comments made by the Iranian state-tv against Patriarch Rai. Foreign Minister Charbel Wehbe had ...
Automotive

EV-ELECTRA Rise Launched But Still No First Drive

3 years ago
The first electric Lebanese car was launched in February in the cheesiest possible way, but we have yet to see a first drive. All they did in the launch was drive the car real slow ...
Critiques

Mzaar Ski Resort To Close For This Season After Today’s Fiasco

3 years ago
Kfardebian municipality issued a statement later today following the fiasco that happened at the Mzaar slopes, and decided with Mzaar Ski resort to end the ski season for safety considerations and to help reduce the ...
Critiques

Troubling Numbers In The First Vaccination Report By The Central Inspection

3 years ago
Joelle M. Abi-Rached published on twitter the full report by the Central Inspection following the first week of COVID-19 vaccination in Lebanon. Looking quickly at the numbers in the report below: – 28,080 doses of ...
Critiques

World Bank Might Suspend COVID-19 Vaccine Funding After Lebanese MPs Got Vaccinated

3 years ago
The head of Lebanon’s COVID19 vaccination committee, Dr. Abdel-Rahman Bizri is set to resign today after a number of 75+ members of parliaments got vaccinated without his knowledge. World Bank Regional Director has already reacted ...
BeirutBlast

Why Was Judge Sawwan Recused from Investigating the Beirut Port Blast?

3 years ago
The Court of Cassation decided today to recuse Judge Fadi Sawwan from investigation into the Beirut port blast case, following a memorandum submitted by former ministers Ali Hassan Khalil and Ghazi Zeaiter (both suspects) on ...
Critiques

Why Are We Vaccinating Reporters & Journalists Next Week?

3 years ago
Information Minister Manal Abdel Samad has been lobbying for weeks now to give journalists and reporters priority in receiving the vaccine shot, and it looks like they will get vaccinated starting next week according to ...
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