The year is 2070:
- There is no capital control law
- Michel Murr is interior minister
- Nabih Berri's cryogenically preserved head is speaker of parliament
#Lebanon
6.
- Solidere share price as a proxy is of course an approximation, given other factors also affect price. The closing price as of 17 October 2019 ($5.45/share) was used as a starting point [END]
(sources: https://t.co/iPbjhR0gFV, https://t.co/AqS5waA6Hc)
On the spread between these two types of haircuts, we can now distinguish two phases:
1. October 2020 to March 2021: 12-14% spread
2. March 2021 to present: 4-7% spread, with the spread remaining close to the 4% level over the past month #Lebanon
https://t.co/OaUGYSuLE1
2. Let’s look at the difference (or spread) over time between two types of haircut on #Lollars:
a) Exchange a USD bank cheque for USD cash
or
b) Withdraw USD in LBP at the rate set by Banque du Liban (currently 3,900) and exchange for USD cash at the prevailing black market rate