Lebanon’s most powerful hobby, Spinning in circles.
The economic crisis that intensifies on a daily basis with temporary patches, does not serve the interest of the country by any means, but rather kill the citizen and make him hostage to wrong policies, managed with selfish calculations.
In not so new developments, queues at bakeries returned in the country of queues, while the Minister of Economy announced the continuation of bread subsidies. Post-assignment dollar rises touching thirty thousand pounds. The file of the prosecution of governor of Banque du Liban is expanding, not to mention the widening of the circle of sectors that are now priced in dollars.
As for the new, and in a surprising move, Al-Mawarid Bank announced the suspension of its membership in the Association of Banks, until matters are corrected, calling on other banks to follow suit.
On this subject, the economist Dr Nicolas Shikhani joined us.