Disclaimer: This is a work of fiction. Any similarities between actual people and events is purely coincidental. A version of this article was first published in Arabic in Akhbar newspaper October 14, 2019. ———————————————————————————————————— “If you want to understand a man, walk a mile in his shoes.” Riad Salameh sat in his plush [...]
Dan Azzi
[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
[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
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