The latest draft capital control law purports to impose formal rules on this unfair situation. Yet, in doing so, the bill would place the system’s management in entirely untrustworthy hands. Under the legislation, the nation’s rapacious politico-banking elites would have ample opportunities to twist capital controls to serve their narrow, selfish interests.
Rockets & Feathers: Why Lebanon’s Fuel Prices Rise Fast and Fall Slow
During the spring, everyone said the same thing: the Iran War had pushed oil prices up, causing gasoline and diesel prices to rise as well. Oil then came down again, with the global benchmark Brent crude dipping below its pre-war price by July, but Lebanese were at...
