If you're relieved that the most recent proposed haircut on bank depositors was dismissed, don't be. The reality is that there's already an "indirect" haircut happening on your accounts and BDL just issued yet another circular that forces banks to pay all depositors, except the small ones, in Lebanese Liras at the rate set by the bank. In other words, if you have an account with a $20K balance and wish to withdraw 300$, you…

You'd think that Lebanese lawmakers have more imminent laws to pass and topics to discuss these days, but instead the current hot topic is passing a controversial amnesty law that would pardon thousands arrested or wanted for non-violent crimes and also reduce prison sentences. Many are opposed to this law as it might pardon those accused of attacking the Lebanese army or committing terrorist acts, while those in favor are trying to make political gains…