How to get URL link on X (Twitter) App
https://twitter.com/MaucourantNada/status/16210493796489297922/ Firstly, the investigations were launched starting in 2020 as a result of the Panama Papers leak, a change in financial disclosure rules and related anti-money laundering laws in Europe, and, in some cases, complaints filed by watchdog organizations abroad, incl @NowActs.
https://twitter.com/Reuters/status/1620516156653146112- Financial sector losses should be resolved through a comprehensive bank resolution framework, not piecemeal circulars
https://twitter.com/AzarsTweets/status/16073376795150008322/ The balance of payments deficit was ~$3 bn, not much different from 2021. This is all financed using BDL reserves. Despite the continued devaluation of the LBP, the BOP deficit remains high and is not falling. It takes more than currency collapse to make a productive economy.
https://twitter.com/CNBCMiddleEast/status/15870706343910195202/ The Precourse Curse (reading 1*) analyzes 236 instances when large oil and gas discoveries were made, and the economic growth trajectory in each country over the six-year period after such discovery was made.
https://twitter.com/timourazhari/status/15733687669433630732/ We still transfer more $ out of the country than we bring in. We are very import dependent and have too many $ deposits chasing too few real $.
https://twitter.com/Nazeerida/status/14330466411756380192/ Leb is buying the fuel at the market price in dollars, which may be converted to LBP at approximately the parallel market rate. Iraq isn't taking exchange rate risk. The payment is deferred for one year with interest. It looks less like a gift and more like a $ loan from Iraq.
https://twitter.com/IbrahimKanaan/status/1433384097750061057It's like saying it's OK if I borrow/spend $1 bn loan because it's zero interest in the first year. It's a huge problem. Unrealized losses on the book are a MAIN reason for the LBP deval. Increasing the withdrawal rate increases BDL's debts when it's already facing massive losses
https://twitter.com/n_newsom/status/13577078981352120362/ Firstly, as we've said before, the issue is HOW the $ are being used. If the $ are used to sustain the peg, a large portion of which benefits monopolies, smugglers, money launderers, &the wealthy, then the value of the aid is NOT going to the people it's meant to help. For ex:
https://twitter.com/lebfinance/status/1351883012494000129So Lebanon performed around the average in terms of remittance inflows in 2020v2019 at a time when the country is in deep trouble with the figure possibly inflated, as @lebfinance mentioned, by many sending money to close out loans (plus after the explosion, etc.).