February 25-March 18, 2022
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Gross public debt valued
at $12 billion in real terms
Severe depreciation erases most of the value of Treasury bills
Gross public debt, which increased in nominal terms by five percent to $100.4 billion at the end of 2021, has a real market value of no more than $12.4 billion. This brings the real debt-to-GDP ratio down to 60 percent.

The lira component of the debt, mostly in Treasury bills, is valued at around LL93 trillion, equivalent to $62 billion according to the still official rate of LL1,500 to the dollar. Its market value, according to Sayrafa, is around $4.7 billion in real dollars.

The foreign currency debt component totals $38.5 bil
Startup Myki acquired by US-based JumpCloud
Founders and management to remain post-acquisition
Currency in circulation dips for the first time in two years
LL8.9 trillion decline since beginning of 2022
Household spending to resume fragile growth
First recovery since 2017 driven by remittances, safety net and ration programs
Other local and international press coverage
on business and economic stories on Lebanon

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