Domestic currency depreciated, consumer goods began to be sold in dollars

Lebanon Supermarket, AP

Lebanese supermarkets began selling imported goods in dollars, a move by the Ministry of Economy to curb price increases.

Due to high inflation in Lebanon, supermarkets have been ordered to display the price of any item in dollars in addition to the Lebanese pound so that the consumer knows the real value.

The value of one American dollar is 89 thousand Lebanese pounds, the supermarket of the capital Beirut has practically installed a TV screen to display the rate of Lebanese pounds to the dollar.

Consumers will now have the facility to pay in dollars, a kilogram of chicken is available for $6, toothpaste for $5.50, corn cotton for $1, three kilograms of rice for $5 and 70 cents.

If the same amount is seen in Lebanese pounds, it becomes millions, the supervising minister of economy, Amin Salam, said that this measure is not a solution to the problem, but it can be protected from the effects of daily rising and falling prices of goods.

It should be noted that Lebanon is in the worst economic crisis since 2019, with the local currency depreciating against the dollar.

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