Posted By
Najib
Apr 07, 2024 04:27
A recent report by Lebanese newspaper Nidaa al Watan has revealed 45 highly irregular transactions between a brokerage company called Optimum and the Central Bank. The transactions took place between 2015 and 2018 and amounted to 8 billion dollars, where Optimum would acquire bonds from the Central Bank, then sell them back at a higher fictitious price to help the Governor cover up the central bank's losses by reporting these transactions as a profit. What's…
Posted By
Najib
Mar 20, 2024 03:58
Al-Akhbar reported today that the government has promised to provide financial assistance to families of martyrs and damaged houses in South Lebanon due to the ongoing Israeli aggression. The article mentions the government will pay up to $20k for every martyr's family and $40k for every damaged house, and will also help partially damaged businesses and houses. I don't know how serious these promises are but they're outrageous to say the least. How can a…
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