The devaluation of the Lebanese Dollar

Either way, people who are familiar with the global market levels, in which many junk bonds are now yielding negative rates, realize that there’s something wrong with this picture.
by Dan Azzi

21 July 2019 | 13:44

Source: by Annahar Staff

  • by Dan Azzi
  • Source: Annahar Staff
  • Last update: 21 July 2019 | 13:44

A Lebanese protester shouts slogans, during a protest against corruption and criticizing long-serving politicians for failing to form a government, in Beirut, Lebanon, Thursday, Nov. 22, 2018. (AP Photo)

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,...
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