Lebanon is entering a decisive week in his long -term efforts to bring about political stability, while some mortgagees await an extraordinary positive glitter. 26 months after the President of the Republic, and the absence of the necessary political consensus to get out of his economic crisis, on January 9, Lebanon will hold the parliamentary election to elect a new president. While money managers are advised to be very careful due to the failure of previous efforts, the movements of the bond market indicate optimism about the possibility of forming an effective government soon to implement reforms. Sovereign dollar bonds in Lebanon increased for the third day in a row on Monday, strengthening their increase by 5.6% during the first two days of trading this year, which is the highest percentage of emerging markets. This positive achievement is based on a 114% return achieved by mortgagees last year, which is the largest in its class. Politicians in Lebanon must pass several important stations this month before commitment to addressing the economy, to recover from the decline of debt and work to end military conflicts. Bond holders especially note the plight of the fragile ceasefire between Israel and Hezbollah, the political and military group supported by Iran, which has a major influence in Lebanon, and the United States classifies it as a terrorist organization. The 60 -day wire -ups ends later this month. “If Lebanon can prefer a new president, I expect the effects to rise. The election of a president is likely to mean the appointment of a prime minister, and the formation of an effective government instead of the list of the agency,” says Surin Mirch, director of the Governor of Danske Bank. Lebanese bonds are prepared for the height. Lebanese effects have reached more than 14 cents per dollar, which is the highest level since November 2021, after being less than 6 cents less than a year ago. In March 2020, Lebanon failed to pay his international debt and became the first country to face it in the midst of billions of dollars of debt crisis caused by the Kofid’s pandemic. This was followed by a series of discounts on currency value, high inflation, a bank crisis and widespread poverty. Since then, Lebanon has stopped paying all its obligations from the payments of Europon bonds awaiting a restructuring, and with the absence of an effective government, the restructuring process has not yet begun. The country also remains excluded from the acquisition of new financing, either from private markets, or of multilateral institutions such as the International Monetary Fund. Nevertheless, for months, investors continue to increase the value of Lebanese effects, amid expectations of an imminent improvement, but without the political and economic situation that has a significant change. The ceasefire that began on November 27 comes after a struggle with Israel that left parts of the country in a destruction of the country. Investors also monitor the names of potential candidates for the presidency, with the sign of ‘Tellimer Research’ to General Joseph Aoun as a prominent candidate. The profits of the Lebanese ties, Jimmy Fallon, the economist in ‘Tiller’, said in a memo on Monday: ‘The profits of the ties came as a result of the discussions on the election of a president, as Israeli invasions on Lebanese countries could unite the various factions that could not oppose 12 previous attempts. Due to political uncertainty. Laila Dagher, an assistant professor at the American University of Lebanon, says that the appointment of a president focusing on reform could lead to a minor strengthening of the investor moral, focusing on the implementation of the necessary political changes. On the other hand, the continuation of political dalemate is likely to lead to serious negative morale, a sharp decline in the value of the currency and a significant risk of imposing international sanctions. “If they do not reach the quorum, we will somehow return to the zero point, and I expect the effects to suffer.”
Lebanon’s effects enter the decisive week after the strongest increase in emerging markets is registered
