Posted By
Najib
Feb 03, 2020 04:43
BDL Governor & The Association of Banks in Lebanon are seeking to legitimize the coercive measures being taken and have dispatched a circular to the government to regulate bank-customer relationships. In the mean time, the government is warning of "painful steps" to avert total collapse as part of a “comprehensive rescue plan” to avert a total collapse of the country’s ailing economy. As far as withdrawal limits are concerned, there's a circular being shared over…
Posted By
Najib
Feb 02, 2020 02:12
Al Jadeed were hosting a financial advisor called Samer Salameh who's specialized in saving crumbling companies, and he offered quite a thorough analysis on the situation with numbers and steps to implement to get out of this mess. More importantly, he shed light on BDL's situation and the real reason behind government's budget deficit, noting that the budget deficit is mainly due to the outrageous expenses we have, add to that 5 billion in debt…
Critiques
6 years ago
“Nearly one in two people in Lebanon is offered bribes in exchange for their votes, while more than one in four receive threats if they don’t vote a certain way”. [Full Report] I think this ...
Critiques
6 years ago
Remember the ridiculous 2020 state budget that Hariri’s government tried to pass following weeks of nation-wide protests, the same draft budget that resulted in Hariri’s resignation? Well Our MPs sneaked into parliament after blockading every ...
Critiques
6 years ago
Lebanon’s union of exchange dealers claimed last week in an official memo that they’ve set the exchange rate at 2000LL per 1 USD but none of them are respecting that. In fact, they made sure ...
Critiques
6 years ago
Remember when Saad Hariri formed the last government and many saw in it a glimpse of hope? Remember when we had elections based on a new electoral law and Lebanese voters rallied behind traditional parties ...
Critiques
6 years ago
Three months after Hariri’s resignation and 100 days into the October Revolution, a new one-sided government headed by Hassan Diab was announced today in Baabda. The government will be formed of 20 ministers all hand-picked ...
Critiques
6 years ago
At least 114 people were injured, with 47 taken to hospitals for treatment. Security forces didn’t spare any means to disperse the crowds, from firing tear gas, using water cannons and even rubber bullets. Most ...
Critiques
6 years ago
Three months without a government, three months of ignoring people’s demands and this is what you get. People are frustrated, they’re angry, they’re fed up and things will only get worse if this ruling class ...
Critiques
6 years ago
After weeks of relative calm in the streets, protesters were back today to block roads and burn tires across the whole country. Major roads were blocked as well as three highways leading to the capital ...
