Week Opens With Record Low Of 30,600 LL On The Dollar
Amid political gridlock and excruciating economic conditions that have left more than 70% of the population in poverty, the week opened with the Lira plummeting to a new all-time low of 30,600 LL against the US dollar.
The Lira has been on a steady downward decline for two years now, only experiencing stability during brief periods of time.
This morning, citizens in the Bekaa village of Jeb Jennine took to the streets to protest electricity cuts and dire living conditions.
At this point, we are years behind on an economic rescue plan and politicians are still squabbling over seats and pieces of the pie.