| 17 April 2024, Wednesday |

Dollarization of prices in supermarkets is awaiting a new mechanism

Like most sectors in Lebanon that have moved towards the dollarization of their prices, supermarkets will also begin to dollarize their goods, by adopting pricing in dollars, provided that the Ministry of Economy issues the new mechanism used, the most important of which is to announce the exchange rate approved at the entrance of commercial stores, according to what was announced by the Minister of Economy, Amin Salam. , announcing that a clear mechanism will be put in place around pricing in dollars, and accordingly, supermarkets put the exchange rate every day on their door and clearly in front of the citizen.

Legally, this step is considered non-violating, if the pricing is done in dollars, but the violation of the law is by forcing the consumer to pay in dollars.

Is dollarization of commodity prices the solution?

Does this decision do justice to the consumer or the merchant?

So, the implementation of the decision to dollarize prices in supermarkets is coming soon. Will the owners of supermarkets abide by this decision? And will it really open the door to competition, which will be in the interest of the citizen, or will such a procedure serve as a new door to fraud and fraud?

  • Sawt Beirut International