Post written by @RosalieBerthier The official fixed rate of the Lebanese pound against the dollar is central to the country’s crumbling social compact. It is one aspect of the system most people would prefer to keep, although it feeds into everything they are eager to get rid of. Nominally, the rate remains unchanged at 1507,5Continue reading “On the LBP Currency, the peg against the USD and the effect on our economy”
Author Archives: FunkyOzzy
For savings accounts hitting maturity date, are Eurobonds an option?
This was shared today on twitter: This is on the maturity date of a savings account, and bank Audi has drafted a new contract which seems to give the person two options: Renew or take Eurobonds. Should we take Eurobonds? @ladGeorges shares some info: Best option is to take Eurobonds at current market date. ThisContinue reading “For savings accounts hitting maturity date, are Eurobonds an option?”
What is a CDS?
Post originally written by @lebfinance on twitter. I heard some “experts” quoting the CDS levels on many occasions without explaining what they are. What is a CDS and why is it very important? (VERY SIMPLIFIED) Basically “Credit Default Swaps” are a derivative instrument that trades and are usually used to hedge (insurance) ur bonds. WhenContinue reading “What is a CDS?”
On Lebanese banknotes and the latest release
Post originally written by @masss11 on twitter بما ان الكل شوي مشغول بالو بهالأيام ماليا فحبيت اشرح قليلا عن تسلسل إصدارات النقد اللبناني بدون ما ارجع اكتر من ١٠ سنين لورا. الشرح ممكن يساعد نفهم نوع الورطة اللي نحن فيها (اذا عنجد في ورطة و شوي نتنبأ باللي جاي. وخلينا تبلش بال 20000 لبنان اسمياContinue reading “On Lebanese banknotes and the latest release”
A letter to IMF/Worldbank
Written by @lebfinance and some NERDS
لا ثقة بالأطراف الحاكمة لقيادة الحل المالي
Hussein Noureddine speaks (in Arabic) to Al Jadeed TV about the current economical situation and what the solution can look like. الاموال تبخرت وأي حل مالي له تكلفة Hussein Noureddine You can watch the full video here.
The rise of the nerds and the fall of the academics
This article was published by @Decafquest on medium. “This is one of those untypical success stories you read about everywhere. It’s the story of how the NERDS got themselves an appointment with representatives from the International Monetary Fund and World Bank. It all started with one such ‘Peter Griffiny’ twitter account called Lebfinance, who joined inContinue reading “The rise of the nerds and the fall of the academics”
الأزمة الاقتصادية في لبنان
Dan Azzi speaks (in Arabic) to Al Mayadeen about the economic crisis in Lebanon. You can watch the full video here.
What is a lollar?
You’ve probably heard some people say lollar in the past few weeks. What is a lollar? A lollar is a term that has been coined by Dan Azzi on December 14. It has even been added to the urban dictionary. You can find the definition here. So next time you write lol… it’s not reallyContinue reading “What is a lollar?”
Lebanon’s richest need to take a haircut
This article, written by Dan Azzi and published on the Daily Star, has created a lot of buzz in the Lebanese sphere and got people talking a bit more about possible solutions. At the root of the economic grievances fueling Lebanon’s mass protests lies what looks like a regulated Ponzi scheme. The problem will notContinue reading “Lebanon’s richest need to take a haircut”
Financial Education in Lebanon 