Author: Pierre El Sokhn

The Lebanese dollar deposits are imprisoned in the banks. Government regulations prohibit the money from being withdrawn from the same owners. As result, individuals and companies have started protesting for their money, whether local or foreign currency. To ease dollar transactions, mainly for importers, the central bank decided to raise the liquidity ceiling. However, this…

Lebanon is currently suffering from cyclical but structural unemployment. It is mostly driven by corrupted major political and social parties and other issues. They have slowed down economy and the creation of jobs in the past years. In addition to that, there is a growing gap between the labor supply and labor demand in the…