The Engineering of “Cash” and Withdrawal Limits: A Political Settlement to Distribute Losses at Depositors’ Expense?!

Al Liwaa: Between the hammer of monetary collapse and the impasse of delayed political settlements, Banque du Liban once again controls the pace of crises through policies that manage symptoms rather than treat underlying causes. In a distressed economy whose real engines of production have stalled and which has seen foreign-currency inflows disappear, any increase in the money supply…