Lebanon Today: Is It Really Worse Than The Civil War?

“Jedo (grandpa), was it like this during the Civil War?”  “It was never like this.”  Lebanon, a tiny spot on the world’s map, has rarely experienced a prolonged period of peace. After the roaring 60s, this country has encountered several disturbances. To promote stability after the Civil War, the Lebanese government decided to peg its […]

Lebanon’s Crises: The Diaspora’s Eternal Wound

Lebanon is in the throes of a severe economic crisis, classified to be one of the worst three crises worldwide since the 1850s. The Lebanese Pound (LBP) crashed, more than 55 percent of the country’s population is now trapped in poverty and struggling for bare necessities. In addition to this, unemployment rose to around 40%, prices skyrocketed, and Lebanon became […]

The Economic and Financial Collapse of the Once-Called “Paris of the Middle East”

Lebanon is facing a multi-faceted crisis and many geopolitical challenges. The fiscal deficit, balance of payment deficit, unsustainable public debt, currency collapse, and historic financial sector crisis are but a few of the main factors plunging the country into an economic depression. This is, disastrously, driving poverty to reach more than 50 percent of the […]

The Cash Crunch: An Expats’ Liquidity Handbook

The severity of Lebanon’s US Dollar shortage and historic economic meltdown is well established at this point. As we kickstart 2021, more than 50 percent of us lie below the poverty threshold, a situation made worse by the highly volatile inflation rate of the Lebanese Pound/Lira (LBP). Bank liquidity policies and practices continue to fluctuate, […]