Financial surrealism’: Lebanese opt for beer over banks
- Date: 17-Jun-2021
- Source: Money Control
- Sector:Financial Services
- Country:Lebanon
Financial surrealism’: Lebanese opt for beer over banks
Largely locked out of their dollar deposit accounts since late 2019 when the Lebanese pound crashed and the banking system buckled amid widespread political protests, some savers see investments in export-focused companies as a way to access hard currency and get something for their "lollars", the nickname for U.S. dollar-denominated deposits #39;trapped#39; in Lebanon#39;s banks.