@riachi_jean I strongly doubt anybody would carry a naked position against USD....the market is one way.... $up/LLdown..If it happened it must be small amounts for short periods.
@zakhour_joe@Abbad_2018 هذا الرقم هو مجموع القادمين ويشمل الحركة العادية للمطار اي حوالي 8000 شخص يوميا لذلك يجب اعتبار نصف العدد على الاقل مسافرين عاديين وليسوا سواح مع التذكير ان الاكثرية الساحقة من الاجانب هم لبنانيون يحملون جوازات سفر اجنبية.سؤال:اين هي 6 مليار$ التي قالوا ان المغتربين ادخلوها معهم؟
@riachi_jean You are right fiduciary deposits are repaid in original currency (Law 520/96), However the risk arises in the future when you want to take local deposits to finance local lending,
Interesting to know you finds ways around the law which certainly supersede any side contract.
@riachi_jean For example, according to the prevailing law, a borrower from your Bank can repay a foreign currency loan in local currency.
According to the same law you can pay me back my F/C deposit with you in LL.
Don't say we will change the law..it will never happen.
@riachi_jean The confidence is in the system as a whole not in one Bank.. Laws, Regulations, Honest Judges, etc.
I am sure you are aware of all this and I understand your efforts to keep the Bank and staff alive.
But with the "Gang" we have...No light at the end of the tunnel.
@riachi_jean@sevmou Everything booked in Lebanon is risky even if it is fiduciary, you can never know what unbelievable measures our "crazy" deputies and legislators will take. Can I open an account in Dubai thru your Beirut office?
@riachi_jean Salame family name surface again in FTX scandal. Rayan Salame helped Bankman-Fried set up Balameda and took a loan of 55 Million to start a restaurant chain. (page 9 of the court filing)
@riachi_jean It is just the beginning; we will see and hear much more of this. Crypto is nothing but a "real money" computer game with no underlying asset whatsoever, where the majority loses.
@riachi_jean Theranos had Henry Kissinger on its board, Warren Buffet and many other famous investors were tricked to invest in it, nevertheless it was a big scam....
@riachi_jean So you invested in the Crypto exchange not in the Crypto itself....Your crime is a bit lighter.
Anyway you may still loose your money, look at FTX.
Some of them are smart and they know how to look legitimate, but in reality they are all the same.