Largely locked out of their dollar deposit accounts since late 2019 when the Lebanese pound crashed and the banking system buckled amid widespread political protests, some savers see investments in export-focused companies as a way to access hard currency and get something for their "lollars", the nickname for U.S. dollar-denominated deposits #39;trapped#39; in Lebanon#39;s banks.‘Financial surrealism’: Lebanese opt for beer over banks
Largely locked out of their dollar deposit accounts since late 2019 when the Lebanese pound crashed and the banking system buckled amid widespread political protests, some savers see investments in export-focused companies as a way to access hard currency and get something for their "lollars", the nickname for U.S. dollar-denominated deposits #39;trapped#39; in Lebanon#39;s banks.
Subscribe to:
Post Comments (Atom)
-
"The (latest) investment will be used to grow the mobile esports format and establish presence in select overseas markets through its ...
-
The NCLT#39;s Ahmedabad bench has directed the RP to include GAIL in the list of creditors for both the companies.
-
Huawei faces international scrutiny over its ties with the Chinese government and suspicion that Beijing could use Huawei#39;s technology f...
No comments:
Post a Comment