[ad_1]
Amid the associated financial and economic deterioration and the political “reckless syndrome”, Lebanon continues with what has become a game of “Russian roulette”, but with its most terrifying version, in which only a blank bullet remains. in the cylinder of the “deadly lucky pistol”.
Amid the associated financial and economic deterioration and the political “reckless syndrome”, Lebanon continues with what has become a game of “Russian roulette”, but with its most terrifying version, in which only a blank bullet remains. in the cylinder of the “deadly lucky pistol”.
This gruesome picture of reality has become a sample of what is being said behind the scenes and in public as a “satire” of the political class mired in the exchange of accusations about what the country has fallen into, while crises devour the remaining security rings that prevent the big bang.
And while the glasses looked yesterday at the Baabda Palace, where a meeting between President Michel Aoun and President-designate Saad Hariri was held under pressure from Paris’s “blessed” patriarchal effort aimed at massaging the path of the formation of the new government. Despite the conviction that its horizon is closed mainly due to regional considerations, a set of news related to financial, banking, diplomatic and living files emerged that shared the domestic scene, which entered a period of intense anticipation for what it will bear today regarding the government file after the positive atmosphere that Hariri spread by announcing that the meeting with Aoun “was positive and open and we will meet tomorrow (today) and the meetings will be consecutive. Go out in BC »Friday.
The most prominent of these developments:
* The American vision, through Secretary of State Mike Pompeo, on the Lebanese situation from the angle of the maritime border negotiations file, since he declared in a statement that “the United States is willing to continue working with Israel and Lebanon in the negotiations on maritime borders, as the two countries struggle to reach an agreement, “he explains. Unfortunately, despite the good intentions of both sides, the two sides are very far apart. “
He added that “the United States stands ready to mediate constructive discussions and urges the two sides to negotiate on the basis of each other’s maritime claims that they previously deposited with the United Nations.”
This position, which is accompanied by a climate of new sanctions expected against Lebanese personalities before Joe Biden took office, was treated as a condition by the administration preparing to leave the White House, which would serve as a ” binding ceiling “for the new administration, for any resumption of negotiations. The navy, in which Washington and Tel Aviv were clearly resentful of Lebanon’s expansion of the “negotiation zone” outside the “Hove Line” (former US envoy Frederick Hoff), when Beirut bypassed the other side with a new demarcation line that gave 1,430 additional square kilometers over the 860 kilometers that were in the disputed area.
* The information revealed that the Central Bank of Cyprus informed the branches of Lebanese banks operating in Cyprus (there are 12) that the equivalent of all deposits in Cyprus should be transferred to their own accounts, which was considered in the context of doubling the protection of these deposits and creating a “cushion” between them and decreasing the liquidity of Lebanese banks. The one who was exposed to the sovereign debts of the troubled state, and whose compliance with the requirements of the Cypriot Central Bank is expected to expose him to more difficulties, is the one who suffers to provide the requirements for the formation of an external account (according to a decision issued by the Lebanese Central Bank) of no less than 3 percent of total currency deposits. Foreign (the deadline expires at the end of February).
It was learned that the managers of the banks involved yesterday called a meeting at the Central Bank, where the sudden issue was discussed, which reflected a new course of external repercussions for the financial – banking – monetary crisis in Lebanon.
* The lack of clarity that accompanied the initial understanding between Lebanon and Iraq regarding the supply of Beirut with its oil derivatives needs, specifically “Selling a surplus amount of black oil to the needs of Iraqi refineries to Lebanon during 2021 and in limited quantities to be announced later, according to the prices of the global newsletter that covers part of your needs. Fuel to generate electricity ».
Yesterday it was not possible to confirm the terms of this understanding, which was portrayed in Beirut as removing the ghost of the darkness from the “country of cedars”, in terms of the payment facilities that Lebanon wanted and not suitable for Iraq, which is on the brink of a severe economic – financial crisis expressed by the need for the central bank to raise the price. Sell the dollar to banks and exchange houses at 1,460 dinars, or 1,182 dinars per dollar, to compensate for the drop in oil revenues caused by the deterioration in oil prices.
Noting that the most optimistic scenarios on the initial Lebanese-Iraqi understanding indicated that it includes paying in dollars after a year according to the price of oil at that time, without knowing how Lebanon will ensure the permanence of obtaining black oil as long as Baghdad limits it to “surplus”, not to mention the possibility of Providing a private company to refine it and bear the costs of this process.
[ad_2]
