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”
Category Archives: economy
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?”
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.
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.
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”
Commercial Banks’ Assets
Post originally written by @AndyKhalil1 on twitter Below are banks’ assets expressed as a share in total assets. Note the acceleration in the share of deposits at BDL &the reduction in that of all other variables, especially post 2016 when FE (Financial Engineering) commenced. Where is the efficient financial intermediation & allocation of capital? Source:Continue reading “Commercial Banks’ Assets”
Financial Education in Lebanon 