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Sugar Grizzly Profile picture
Sugar Grizzly
@sugargrizzly
2 subscribers
Oct 9, 2020 • 6 tweets • 3 min read
[THREAD] What is the haircut on dollars stuck in the Lebanese banking system (#Lollars)?

Well, it depends on how and when you look at it.
#Lebanon #LBP #dollar 2. Three ways to look at it:
- Withdrawal of USD in LBP at the prevailing rate (initially 1,507.5, now 3,900 LBP/USD) & exchange LBP for USD at parallel/black market rate
- Sale of a USD bank cheque for cash USD at a discount
- Solidere share price as a proxy (price⬆️=haircut⬆️)
Mar 6, 2020 • 45 tweets • 13 min read
[THREAD] Soybean futures, Solidere shares and the #FourthTurning: Lebanon’s crisis from a historical and demographic perspective 1. In #Lebanon these days, it’s easy to get lost in the minutae of daily developments, from what a minister said to eurobond this and capital control that.
Jan 25, 2020 • 15 tweets • 9 min read
[THREAD] #ThinkLikeRiad: Salameh's Salami Tactics

Faced with a legacy-defining moment, @riadsaleme is in for the fight of his life. @riadsaleme Consistent with his calm and deliberate character, he has opted for an incrementalist, divide-and-conquer approach to deal with his main enemy: an acute dollar shortage.