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Cash economy at $10 billion
as per World Bank estimation
“Only a few winners and a majority of losers,” says report
The cash economy has been estimated by the World Bank at $9.9 billion or 45.7 percent of GDP in 2022.

The ‘Normalization of Crisis is No Road to Stabilization’ report released yesterday by the World Bank, said: “The cash economy is far from [being] a net contributor to growth. On the contrary, it threatens to compromise the effectiveness of fiscal and monetary policy, heightens the risk of money laundering, increases informality, and prompts further tax evasion.” The report said that the increasing reliance on cash transactions also thr
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BUSINESS
165 MW to be generated by 11 solar energy consortia
Ministry signs contracts at ˘5.7-6.27 per kWh
IPT and Phoenix Energy launch e-car charging network
To operate 150 stations by year-end
Mall owned by Habtoor will reopen in Sin El Fil
To be run by new operator First year will be rent-free
FINANCE
$2.5 billion in profits earned on Sayrafa platform
World Bank: Depleting BDL reserves with short-lived lira appreciations
PRESS COVERAGE
Other local and international press coverage
on business and economic stories on Lebanon

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