1/n
The "losses" incurred by the Lebanese are far more than the economic and financial ones, and all estimates circulated so far are *underestimates* that are still geared, purposely or stupidly, towards the powerful ruling financial and political minority in the country. How much did the Lebanese economy "lose", and how should those losses be "redistributed"? Wrong questions leading to wrong answers (on purpose). The economy collapsed, nothing can repay what people lost, & what's being planned is more theft of the little assets that remain. How?

In the last 20 years #Lebanon has experienced massive occurrence of #conflict and political violence.

But this insecurity was not equally distributed across regions, and this matters a lot.. (1/5) In the last 20 years, people living in the Greater Beirut Area have spent an aggregate of 10 years without political violence. People living in Tripoli 13 years, while others living in the South, Western Bekaa or Batroun have had 19 out of 20 years of political security. (2/5)

ما العمل اذاً؟
1
• تغيير كامل في مصرف لبنان ولجنة الرقابة على المصارف، بكوادر مشهود لها بالاستقلالية والكفاءة

• إجبار المصارف بمراسيم تنفيذية على إرجاع ما لا يقل عن 5% من الودائع بالدولار عبر استعمال موجودات هذه المصارف، كون أصحابها يتحملون مسؤولية قانونية عن الودائع لديهم 2
• فرض ضوابط صارمة على حركة الكتلة النقدية المتبقية بحوزة مصرف لبنان وباقي المصارف

• تفعيل حالة الطوارئ الاقتصادية لاستيراد السلع الأساسية مباشرة عبر اتفاقات حكومية بدون أطراف وسيطة

Ok, monetary and economic authorities have failed in their duty to "protect the value of the national currency", as the exchange rate went above 4000LBP/$, 1.6 times the official rate.
What should be done immediately (other than long term reforms) (thread, 1/n) ▪️ Change the entire leadership at the BDL & Banking Control Commission with independent competent people
▪️ Force banks by decree to return at least 5% of dollar deposits from their own capital, as bank owners are liable
▪️ Enact fair capital controls on the remaining deposits

Has Lebanon succeeded in flattening the #Corona curve? And if yes why? Some possible explanations (thread 1/n)
(pictures from @mophleb site) 1) It seems daily cases are on the decline. But are the numbers correct? Many have questioned low cases due to low number of tests. But our tests per capita are decent and increasing. No proper information on testing non Lebanese residents (>2 million, refugees, foreign workers)