Dr Azar is Professor of Economics and Finance at Haigazian Univesrsity in Beirut, Lebanon. The views expressed in this note are his and they don’t necessarily reflect the views of Blominvest Bank.
The purpose of the present note is to remember and recast the past, at the start of the year, and to identify key milestones in the behavior of the foreign exchange market in Lebanon since 1993. Such an analysis is crucial not only to explain past trends and to draw lessons from history but also to delineate the prospects for the future. One has the added advantage of hindsight.
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