BREAKING: Lebanon's dollar reserves fell by over $400 million in October, the first drop since July 2023. Central bank is now using dollars from the $1.7 billion it had collected from expats and tourists. Funds can last for about 3.5 months at this rate.

@khodrelmasri @mazen_barbir perfect match

@AzarsTweets I can't even afford buying a CDS contract 😂

@aedirnian Yes, he was a money manager at BlackRock and has been there since 2013. He previously was a partner at macro hedge funds Traxis and Rubicon, and worked at Morgan Stanley and UBS AG.

Lebanon’s defaulted eurobonds rallied amid speculation that key government ministers will kickstart economic reforms and debt restructuring, despite the country's daunting challenges These bonds made some of the biggest gains among developing-nation peers

Lebanon’s government eurobonds rose about 6.5% to the highest level since 2020 as investors bet on reforms after forming a new cabinet. Bonds gained over 200% in a year. Lebanon defaulted on $30 billion in debt about 5 years ago. They are still far into distressed territory.

Back to square one. Lebanon's new finance minister says there won't be haircuts on deposits, reviving old statements by policymakers that broke down attempts to fix the financial sector Wonder how Lebanon will fill an $80 billion hole - 4x size of economy - without a haircut 😀

Lebanon has appointed Amer Bisat, a BlackRock money manager, as economy minister to help the country recover from a severe financial crisis - Bloomberg. Veteran lawmaker Yassine Jaber was named finance minister. Ex-World Bank specialist Haneen Sayed was named social minister.

@AnisTabet23 Don't get too excited, we are still very far away from that😅

Lebanon's president signs a decree to form a government of 24 ministers. Names to be announced shortly.

Israel's fire on citizens of south Lebanon towns killed at least 3 people and wounded over 40 others - via BBG Lebanese Army says one of its soldiers was killed by Israeli fire Note: Ceasefire is set to expire today; the Lebanese army can't take action without a state decision.

Israeli assaults against Lebanese in several southern towns killed 2 people and injured over 30 others. Lebanese are defying Israel’s restrictions on entry to IDF-controlled towns. Lebanese cabinet remains silent, while the army cannot take action without a state decision.

RT @AzarsTweets: Some interest statistics from BDL over the last year 1. Today, BDL's monetary policy is exclusively to take taxpayer mone…

Banque du Liban collected $210 million over two weeks in January after the election of a new president and prime minister. Lira in circulation increased by 18.5 trillion, indicating that BDL withdrew dollars from the market as residents gambled on a lira appreciation. Wrong bet.

With investigation into the August 4, 2020 Beirut port blast likely to resume soon, here's a reminder that authorities sent these wonderful souls to their death Lebanese officials foresaw the death that the ammonium nitrate’s presence in the port could result in, and did nothing

Just a few hours into the Gaza ceasefire deal, and now it risks collapsing. Israel is accusing Hamas of breaking promise on parts of the pact. Security cabinet still hasn't voted it, despite a deal being announced. Israel finance minister and far-right are opposing the deal.

@mazen_barbir that's one hell of a big IF