A couple of months ago, Lebanon's central bank had around 800 million dollars in reserves remaining for basic subsidies, but this changed a week ago when BDL governor announced they now have 2 billion dollars left. Where did these 2 billion dollars come from? Obviously not from expats or foreign investments. Instead BDL managed to come up, once again, with a new "financial maneuver" to give more time and money for the authorities to waste.…

One month after the forensic audit was suspended, the Lebanese parliament has finally decided to lift the banking secrecy for 1 year to facilitate the audit of the Central Bank and other public institutions. The banking secrecy problem was raised since day1, but none of the ruling parties cared enough to raise it to parliament and pass it as a law. Instead, they did what they do best, waste more time and money. What's next?…

A memo by the Telecom Ministry & Ogero was issued yesterday informing all landline owners that the '0' for all area codes will be dropped and replaced by '2'. In other words, when you're dialing 01 444333 for example, it will become 21 444333 and the same applies to 04 05 06 07 08 09 which will become 24 25 26 27 28 29. It didn't make sense to have the '0' anyway since we…