Beirut: For the seventh time in a year, the Ministry of Economy of the Lebanese announced on a new Saturday for bread, slowly eliminating subsidies when the country sank deeper into a terrible economic and political crisis.
The ministry said the price raised was needed because the national currency continued to glide against the dollar, making imported supplies including fuel and wheat more expensive.
The currency, pegged on dollars for almost 30 years at 1,500 to dollar, has lost more than 90% of its value.
Now traded at almost 20,000 Lebanese pounds up to dollars.
This is the second price increase this month.
The ministry raised a price of a box of Flatbread, the point in Lebanon, by 6% – making it now sell at 4,000 Lebanese pounds (or $ 2.7 at the official level).
The decision also includes a new reduction in the size of a bread bag – this time 5%.
Lebanon is in the upheaval of the economic crisis that brings regular life to stop.
The business is turned off, the pharmacy has carried out strikes because they cannot secure imported drugs.
Fuel shortages have forced the hospital and the only country airport to ration on its use, turn off air conditioning and lights in several parts.
The marathon for vaccination against Covid-19 scheduled for Saturday and Sunday is postponed because many centers plan to take part do not have fuel to operate their generators or internet.
The World Bank has called the Lebanese crisis one of the worst ever seen the world in the last 150 years.
The crisis was made worse by a political deadlock that suffocated among rival groups that failed to approve the new government line-up.
The government has now resigned last year after a large August explosion at the Port of Beirut.
The government has since operated in the management capacity – which does not allow him to continue talks with international monetary funds for a bailout.
When crisis deeper, emotions are frayed.
Protesters established a road block at a large intersection in the capital Beirut to object to the condition of the argumat and burning of political class.
In a long queue at the gas station, several riders fired their weapons into the air in anger.