| 25 February 2024, Sunday |

Supermarkets back to storing goods, amid dollar’s hike

The Head of the Syndicate of Food Importers Hani Bohsali, confirmed that so far there isn’t any shortage of food commodities, however the rise in dollar exchange rate brought us back to the previous scene were citizens hurry to supermarkets and purchase all goods on shelves, while it is stored in warehouses.

Bohsali said during a radio interview that merchants didn’t change their prices yet, as all commodities are still priced at an exchange rate of 12,500 LBP per dollar. He added that merchants are monitoring the dollar rate on the black market and waiting for what will happen in the coming two days, before they amend prices. Bohsali added that the increase in prices of goods does not necessarily surge at the same value with the rise of dollar, and most probably less than the dollar’s rise.

Bohsali called on citizens for not blaming merchants regarding the price hikes, but rather the concerned authorities who are behind the insane rise in the exchange rate, and their absence in finding the required solutions for the current economic and political crisis.

  • Sawt Beirut International