| 18 October 2021, Monday |

How much does it cost to commute to work?

After the spike in the price of a gasoline cannister that exceeded 233,000 LBP the cost of transportation for private and public cars increased, and the cost of one kilometer became 1,927 LBP for a car with an average consumption of 170 kilometers per 20 liters of gasoline.

According to the International Information study, which included the cost of depreciating all the factors involved in maintaining the car, at an exchange rate of 19,000 LBP per dollar, the cost of the round trip from Beirut to Tripoli is 308,000 LBP, from Beirut to Jounieh 95,000 LBP, from Beirut to Saida 173,000 LBP, from Beirut to Zahle 196,000 LBP, and from Beirut to Baalbek 308,000 LBP.

Who he is able to bear a cost ranging from 3 to 7 million LBP per month to commute daily to work?

More than three months after the issuance of circular 158, which allows the account holders in US dollars before October 2019 to withdraw monthly $400 in cash and its equivalent in pounds at the rate of 12,000 LBP. The Central Bank announced in a statement that the number of beneficiaries of circular 158 reached 120,000, and the demand for it is increasing, as it will allow the money to be returned to small depositors.

While the Central Bank is working to return all funds to all account holders that do not exceed $10,000 within a year from the starting date of applying this circular.

To comment on this subject, the former head of the Banking Control Commission, Samir Hammoud, joined us.