Shall we have a serious conversation about the Lira?

The obvious question that comes to mind is this. If BDL has $34 billion in cash reserves, why are they hoarding it, instead of supplying it to the banks and the sarrafs, thereby nipping the black market in the bud?
by Dan Azzi

25 August 2019 | 12:31

Source: by Annahar Staff

  • by Dan Azzi
  • Source: Annahar Staff
  • Last update: 25 August 2019 | 12:31

Reuters Photo

The Lira has been pegged in a tight range of 1500-1515 for 22 years. Even during the bleakest times, online rates remained 1514.5 at the biggest banks. Recently, I noticed something different. Their...
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