Mike Azar, Discover and Read the Best of Twitter Threads by @AzarsTweets

Mike Azar

AzarsTweets

1/ This is the “inflation forecast” formula used by BDL to convince donor countries to sell dollars to it for 6,240 LBP and not higher. As @AndyKhalil1 says below, the

1/ BDL appears to be proposing that all official intl humanitarian aid (~$1.5bn in 2021) be channeled through BDL and given to recipients in LBP at a rate of 6,200

1/ The Leb financial crisis in one chart. We tend to focus on the blue bar (how the $ were spent to maintain the peg), but that misses half the

1/ Here's how the WB loan works:WB lends MOF ~$204mn (part of the $246mn for basic income support)MOF deposits the $ at its account at BDLBDL "purchases" the $ at

BDL Governor Riad Salameh to France 24 (interview airs tonight): The era of the LBP peg is over and Lebanon is moving to a market-determined floating exchange rate. Governor doesn’t

1/ Crises like the many Lebanon faces can only be confronted by governments that can take decisive and difficult decisions. Two features of our system impede Lebanon’s ability to do

1/ I appreciate the Minister being keen on the forensic audit, but I'm afraid she's making the same mistake that got us to this point: not anticipating the next step.

1/ We reviewed the signed Forensic Audit contract yesterday. Some of the criticism circulating in media recently was misplaced. There are weaknesses, but they're mostly, though not all, due to

1/ Prices are rising rapidly & the LBP is depreciating daily because USD reserves are falling and LBP money supply is increasing. I'll explain why this is happening below. The

1/ What's the difference between the calculations of the Govt and those of Parliament? The final draft of Parliament's calculations seems to be a State secret to which nobody has

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