[This article was first published in An-Nahar in July 2019] I know what you’re thinking — my editor missed a typo and the title should be “Devaluation of the Lebanese Lira.” It’s pretty clear, with the balance of payment (BoP) deficit (binging on imports, i.e. US dollars leaking outside the country month after month); that we’re heading [...]Dan Azzi
Quis custodiet ipsos custodes?
[First published in An-Nahar and Yerepouni News on July 14, 2019] BEIRUT: “… We have a new product for deposits with a minimum of $20 million, paying a 14% annual rate … but now we’re opening this great offer for the general population at much smaller amounts, but only for dollars coming from outside Lebanon …. We put your money with the [...]Dan Azzi
[This article was originally published in An-Nahar on March 24, 2019 and created a media frenzy such as this report attacking me] Adventures in Forensic Accounting: Last Monday I received an excel spreadsheet from MJ, a bright young man, a couple of years out of college, whom I met last year at a controversial lecture at AUB (LINK HERE). [...]Dan Azzi