| 18 May 2024, Saturday |

A reminder to the Lebanese: the parallel market still exists

The local and international economic crisis has raised the price of a bundle of bread, which will rise from tomorrow in the bakeries and become as follows:

A small bundle of bread, provided that it weighs no less than (360 grams), its price has become a maximum of 6,000 LBP.

A medium-sized bundle of bread, with a weight of not less than (825 grams), at 10,000 LBP.

A bundle of bread is a medium size, with a weight of not less than (1,125 g) (13,000 LBP).

The General Manager of Cereals and Beets, Grace Barbari, said it frankly through Sawt Beirut International: There is no ceiling on the price of a bundle of bread.

After the dollar stabilized in Lebanon at twenty thousand and five hundred pounds for about two months, it returned and rose yesterday by three thousand pounds, and then settled today at 22 thousand and five hundred pounds.

What happened confirms and reminds the Lebanese that the price of the dollar does not go backwards.

Yesterday, the exchange rate of the dollar against the lira rose by about 3000 in one batch. The Banque du Liban linked this rise to the rumored news that Circular No. 161 had stopped working.

This unjustified change, which continues despite the governor’s denial of what is being circulated, reaffirms that the parallel market still exists and cannot be eliminated by mere circulating that has no validity date.

The expected solution is only present with the officials, as they all speak of reforms without making a serious one.

  • Sawt Beirut International