Lebanon Opportunities

Huge rise in lira in circulation

Currency in circulation, a.k.a ‘M Zero’ (M0) increased seven times in the past three years. It tripled in 2020, its growth rate slowed a little in 2021, and accelerated again in 2022. The size of the lira M0 becomes less dramatic when expressed in fresh dollars at the parallel market rate. M0 declined from $4.6 billion at the end of 2019 to around $1.7 billion at the end of November 2022.

You’re reading a preview, subscribe to read more.

More from Lebanon Opportunities

Lebanon Opportunities2 min readInternational Relations
War Is In The Air
Denial is the current password to access any day in a reasonable way. The threat of a devastating war is getting postponed from one week to another for the past seven months, a venomous torture to the economy and national psyche that is almost beggin
Lebanon Opportunities7 min read
Production Of Inputs Is Growing
Production of agricultural inputs is growing on the local market driven by the crisis and an increasing interest in health and environmental issues as well as in food security. Manufacture of composts and bio-fertilizers is advancing while making bio
Lebanon Opportunities1 min read
Lebanon Opportunities
Publisher & editor-in-chief Ramzi El Hafez Editorial Shikrallah Nakhoul Dedicated to Leila Osseiran Printing Photogravure Vartan sarl ■

Related Books & Audiobooks