Officially pegged at 15,000 to the dollar, the pound was trading at 100,000 against the greenback, dealers said — a dizzying plunge from 1,507 before the economic crisis hit in 2019.The currency plunge has triggered price hikes including on fuel, food and other basic goods, with supermarkets this month starting to price items in dollars.
“The lira has become completely worthless,” said 75-year-old Abu Abbas, who owns a small jewellery stall on Beirut’s busy Hamra Street and said he was barely making ends meet.– Banks on strike – Some judges sought to seize the funds of bank directors or board members, or to force lenders to pay out customers’ dollar deposits in pounds at the old 1,507 exchange rate.
“Ruling politicians… robbed the country and stole depositors’ money,” said Mohammad al-Rayes, a Beirut shopkeeper. But officials have failed to enact the changes demanded by international creditors in return for unlocking the emergency loans. Lebanon is facing the economic meltdown largely leaderless, as the divided parliament has failed to elect a new president for months — in a country already governed by a caretaker cabinet with limited powers.
Sell the fucking country to the US.
No wonder they full Nigeria
Omoh!
What about our poor naira with Bala Blu
🥺🥺🥺🥺🥺🥺 Wow that really bad most of my brothers are rushing there looking for greener pastures
And they will troup to this country and start behaving like people who have everything good. Very terrible sets of people
🙆♀️🙆♀️🙆♀️
😂 😂 😂 😂 😂
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