4 Hrs
Source:
الكتائب اللبنانية
Affordable options under $100
The article demonstrates how the purchasing power of one hundred dollars has significantly declined in Lebanon over recent years, despite the exchange rate of the Lebanese pound remaining stable at around 89,500 pounds per dollar since July 2023. Due to rising living costs caused by local inflation and a lack of support for goods and services, the dollar now suffices for much less than at the start of the crisis. Often, it only covers the purchase of a basic food and household items, and does not meet emergency expenses or essential services such as electricity, water, and medicine. Experts attribute this deterioration to internal inflation resulting from reduced subsidies and market fluctuations, rather than solely global dollar fluctuations. Internal factors such as increased taxes, fuel prices, and deteriorating infrastructure have exhausted families and significantly eroded their purchasing power.
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