Lebanon Central Bank governor spoke to AFP earlier this today and revealed that Lebanon needs approximately between 12 and 15 billion dollars to kickstart recovery. He also added that the official exchange rate is ‘no longer realistic’ (SHOCKER!) and that the the mandatory reserves are down to 12.5 billion dollars only.
Unfortunately, any billions we get from abroad will not help recovery as long as those in power are not held accountable for decades of corruption and incompetence. If anything, any help from any foreign party will only prolong their stay and get us into a deeper crisis.