Mohammad Wehbe* Translated by Areej Fatima Al-Husseini On December 31, 2022, the dollar price against the Lebanese pound (lira) was 42000 LBP. However, it has now exceeded 100000 LBP, an increase of more than 138% in 72 days. This might be the highest surge since the national currency’s crash ...
Lebanese citizens are plunged into more economic distress as the supermarkets started on Wednesday to display the products’ prices in US Dollar, with the exchange rate of the Lebanese Pound against USD dramatically nearing 90,000. Shops and supermarkets across Lebanon started to display the rate-to-the-dollar at which goods are priced. ...
