Abed Bsat
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BDL’s Latest Circular: A Solution Or A Distraction?
On June 4th, Banque Du Liban (BDL) announced Circular 158 which obliges all banks to pay small deposit accounts opened before October 2019, $400 in fresh dollars and another $400 to be paid in lira at a rate set by BDL’s currency exchange platform, Sayrafa. This rate is always subject to change as it is…
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The Intentional Dismantling of the Lebanese University
The operating budget of the Lebanese University, Lebanon’s only public university, has reached an all-time low. On January 21st of this year, Finance Minister Ghazi Wazni submitted a draft proposal of the budget to current Caretaker Prime Minister Hassan Diab which includes a reduction in the university’s budget. This comes at a time when the…