so:
BDL pays their dollar loans in LL at a rate of 3,850
Banks pay the $ depositors in LL at a rate of 3,850
BDL takes its dollars from Banks & returns them as printed LL
Banks take the dollars from the depositors & pay back through the printed LL they got from BDL.
1/2
BDL pays their dollar loans in LL at a rate of 3,850
Banks pay the $ depositors in LL at a rate of 3,850
BDL takes its dollars from Banks & returns them as printed LL
Banks take the dollars from the depositors & pay back through the printed LL they got from BDL.
1/2
Outcome:
BDL is reducing its debts in hard currency by operating the printing press.
Banks is reducing their debts by using what the printing press produced.
Depositors are the ones paying the price for @BDL_Lebanon the Banks @ABLLebanon & the corrupt Politicians
#Corruption
BDL is reducing its debts in hard currency by operating the printing press.
Banks is reducing their debts by using what the printing press produced.
Depositors are the ones paying the price for @BDL_Lebanon the Banks @ABLLebanon & the corrupt Politicians
#Corruption
Conclusion:
1- Direct 55% haircut to $ depositors within the accepted withdrawal limit
2- Direct 83% haircut if you exceeded the withdrawal limit
1- Direct 55% haircut to $ depositors within the accepted withdrawal limit
2- Direct 83% haircut if you exceeded the withdrawal limit
