This song pretty much sums up the current situation with Lebanese banks. Our “lollars” are gone and our LBP accounts are worth 50% less for now.
What is the government doing to fix that? Nothing yet.
What are banks doing to address that? Capital controls, reinforcing their branches with steel, and ridiculous limits on our credit/debit cards.
What is the BDL doing? Issuing vague circulars to get their hands on whatever dollars are left in the market.
