CapitalIssuesnews

09/01/2023

27/11/2022

05/11/2022

In the meantime in hamra street

05/11/2022

إنجازٌ لبناني جديد حقّقه هذه المرة شابٌ يافع يبلغ من العمر 15 عامًا هو إيليا طنوس، الذي يصف نفسه بأنه “محلّل أمن سيبرانيّ” و”صائد ثغرات متحمّس” بحسب ما ذكر في السير...

25/08/2022

Dollar market Lebanon

23/05/2022

https://capitalissues.news/?p=323 It has been argued that unpegging of the exchange rate from the previous low rate of 1,500 Lebanese pounds on the dollar would further increase inflation. By that reasoning, if one believes that the added liquidity would be detrimental to the economy, one must first recognize that the damage from multiple exchange rates and the freezing of deposits has been and will be far more disastrous than the damage of adding liquidity. Unpegging the exchange rate and operating deposit withdrawals at the unpegged rate may alone provide an important solution to the deposit access dilemma.

Under this solution, depositors would be content with cashing their US dollar deposits in Lebanese pounds at the market rate. As such, they would cease making cash transactions that have flooded the economy with liquidity and accelerated the collapse of the Lebanese pound. Unpegging the exchange rate is inevitable. It is better to adopt it immediately rather than pay the far higher cost of delaying it.

As a second step, or simultaneously, the matter of deposits in US dollars in BDL must be addressed. These deposits, without backing of guarantees, amount to around $65 billion, out of a total of $106 billion of deposits as at end June 2021. The remaining 39 percent of deposits are invested in the private sector and bonds, and are backed by guarantees.

A key driver of the Lebanese economic crisis has been the losses incurred by the public sector. These losses have impaired the banking sector and through it the deposits of many citizens. Banks had committed

23/05/2022

CAPITALISSUES.NEWS MARKET ALERTS May 23rd _____________ CAPITALISSUES.NEWS MARKET ALERTS May 23rd _____________ Rates updated:
Lira Rate (Last update: Mon May 23 16:28:50 2022):
Buy: 32400 (+200 change over a period of: 55 min)
Sell: 32300 (+150 change over a period of: 55 min)
Source: https://lirarate.org (https://lirarate.org/)

Ade l dollar (Last update: Mon May 23 16:16:23 2022):
Buy: 32350 (+50 change over a period of: 31 min)
Sell: 32300 (+50 change over a period of: 31 min)
Source: ادي الدولار mobile app (https://play.google.com/store/apps/details?id=com.dollarade.ade)

OMT (Last update: Mon, May 23, 2022 at 16:25):
Sell: 30000
Source: OMT website (https://www.omt.com.lb/en)

Sarraf Lebanon (Last update: 02:07):
Buy: 32250
Sell: 32150
Source: Sarraf Lebanon mobile app (https://play.google.com/store/apps/details?id=com.alilea)-----------------GROUP MIGHT BE JOINED THROUGH https://chat.whatsapp.com/DFcqxsaKzfyLXiLv7PC6ei

19/05/2022

The socio-economic benefits would be immense if countries across the Middle East and North Africa (MENA) fully digitalized their economies. Yet despite widespread usage of social media, the uptake of digital technologies such as mobile money and digital payments has been low in many countries across the region. “The Upside of Digital for the Middle East and North Africa: How Digital Technology Adoption Can Accelerate Growth and Create Jobs,” seeks to explain this digital paradox.
The report presents compelling evidence of the socio-economic upside of digitalizing the economy. For example, GDP per capita could rise by more than 40%; employment in manufacturing by 7%; tourist arrivals could rise by 70%, thus creating jobs in the hospitality sector. Moreover, long-term unemployment rates could fall to negligible levels and female labor force participation could double

Read More https://capitalissues.news/?p=315