Breaking down a Lebanese haircut

The shortage of physical dollars in the country is already forcing a Liralization haircut.
by Leila El Sayed

25 January 2020 | 12:32

Source: by Annahar

  • by Leila El Sayed
  • Source: Annahar
  • Last update: 25 January 2020 | 12:32

FILE - In this Dec. 28, 2019 file photo, anti-government protesters occupy the Hamra branch of BLC Bank, in Beirut, Lebanon. (AP Photo).

With the looming financial failure in Lebanon, several new terms emerged in the average citizen’s daily conversation such as Haircut, Capital Control, Liralization, etc. Haircut, or a forced decrease...
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