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Lebanon Recession


Largely stranded in their dollar deposit accounts since late 2019, when the Lebanese pound collapsed and the banking system collapsed amid widespread political protests, some savers are seeing investments in money-driven businesses. ‘export as a way to access hard currency and get something for their “lollars,” the nickname for US dollar-denominated deposits “trapped” in Lebanese …

As COVID-19 cases in New Hampshire continue to decline, state officials relaxed mask guidelines on Thursday, recommending that anyone without symptoms of the virus be able to dispense with masks in most indoor and outdoor locations. State epidemiologist Dr Benjamin Chan told the state’s weekly press conference that people with compromised immunity should continue to …

Lebanese look for ways to use devalued money Many use ‘trapped dollars’ to pay off outstanding debt Central bank considers measures to reduce liabilities Huge losses in the financial system still untreated BEIRUT, June 17 (Reuters) – Faced with the choice of leaving their savings blocked in the bank or investing them at a huge …

Over the past two years, Lebanon has experienced successive crises that have influenced its artistic environment. Yet some cultural centers and galleries have resumed operations after a long hiatus, hosting painting and sculpture exhibitions after a period of forced recession. The factors that paralyzed these centers are many, including the pandemic and the explosion in …

With every major global event, we wonder whether that particular event is going to trigger an economic crisis. In each economic crisis, we often wonder how long its damage will last … and to find answers to these questions, we often go back in history. No one likes economic crises. Nothing about them is fair, …