Discover and read the best of Twitter Threads about #CBL

Most recents (4)

Deciphering the #Serraj vs #Kabir squabble.

1 must go back to May-Oct 2018, when both #UN & #US began exerting a pressure on the #CBL in #Tripoli.

At the time, an #LNA attack on the capital wasn't seen as imminent, nor was a #Hibri-#Kabir reunification considered a hot priority
Following #Haftar's Jun '18 #OilCresc blockade, #US (thru the #UN) helped #CBL devise a measure, which was implemented after the Aug-Sep '18 LoC battle in Tripoli.

An LoC #tax now made the de-facto conversion rate 3.9 dinars to 1 $.

$10k packages were introduced for households.
The #US-designed measure—rolled out by #Kabir in Oct ’18—was effectively a devaluation of the dinar w/ the added benefit of attracting banknotes back into the system.

The measure turned out to be a success.

It also reduced the amount of political controversy surrounding #Kabir
Read 13 tweets
As the tension between CBL chairman and Al-Sarraj increases, lets have a look at some unknown/forgotten details:
Before 2011, because of his good relations with Mohammed Al-Bukhari (minister of finance in Algaddafi era) & and with Algaddafi regimen in general(reasons?). He was appointed as a chairman of Al-Omma bank (Nation bank) in 1990.
As soon as he started his job he became well known for his embezzlement, illegal deals, bribes and unlawful credits particularly for Al-Gaddafi men for example: Khalifa Almahdawy and Abdel Rahman Alsaid.
This made Bait Al-Mal (the following minster of finance)exempt him in 1996-
Read 23 tweets
Let us talk about recent #Trends in #Global #Monetary #Policy, say, from 2015 to 2019...
Before I do that, let me give you an updated list of #CentralBank #MonetaryPolicyCommittee meetings for 2020...The matrix attached shows MPC dates for #CBL #SARB #FED and #ECB...
Surely we are conversant with the terms #dovish #hawkish #loose #tight #expansionary & #contractionary when it comes to #monetarypolicy jargon. What did the #global monetary policy landscape look like from 2015 to 2019? Was it loose or tight, expansionary or contractionary?
Read 12 tweets
Tweetorial #5: the interesting origin of the CBL gene. This story will take us to Spanish California and the world of murine retroviruses… and C.P. “Dusty” #Rhoads of refractory anemia fame will even make a brief cameo appearance. This image is a ribbon diagram of CBL. #CBL /1
In the winter of 1812, a series of San Andreas earthquakes struck southern California, destroying the original church at San Juan Capistrano and damaging several other 'Las Californias' missions. There were also tsunamis, which would have made coastal living less appealing./2
After the earthquakes, a number of people living near the 9th Franciscan mission, "San Buenaventura", in present-day Ventura, California, withdrew from the immediate coast & temporarily moved inland to higher ground in another part of what is now Ventura County #VenturaCounty./3
Read 21 tweets

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