Dissecting deposits: The case of Lebanon's missing $70 Billion

Prices in Lebanon are like stairs, they go up, then stabilize for a while, and then go up again, they don't fall.
by Dan Azzi

7 October 2018 | 20:30

Source: by Annahar

  • by Dan Azzi
  • Source: Annahar
  • Last update: 7 October 2018 | 20:30

In this Monday Aug. 20, 2018 photo, a man counts Lebanese pounds at an exchange shop, in Beirut, Lebanon. Nearly four months after Lebanon held its first general elections in nine years, politicians are still squabbling over the formation of a new government amid uncertainty over a long stagnating economy, struggling businesses and concerns over the currency. (AP Photo/Hussein Malla)

BEIRUT: Most so-called local economic reports read more like (bad) poetry, rather than providing actionable intelligence. One such report on real estate, from a few years ago, said: Prices in...
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