@rezoanulvibesOnNoiseApp
You see you just lost 96% of your holdings. You must be dreaming or, maybe you put your money in cryptos that crash hard. No, you are not dreaming, it happened in Lebanon's fiat currency. The financial system we trust and keep our money in the bank shows what is possible if things go wrong. The central bank puts different restrictions on savings in banks. The situation has changed since 2019. And it gets worse over time. They are having a financial crisis. The bank introduced haircuts on dollar withdrawals. It started with 15% haircuts, now it reaches 85% haircuts.
3 comments
Poor people of Lebanon. One day you have everything, the next day...
.... you see everything disappear. People work hard for their entire life and save money in the bank. In their retirement, they see .....
the poor house. Yeah. Don't expect govt to care about you in retirement for sure. İn just about every country.