In the midst of the COVID-19 pandemic that continues to threaten many lives and bring our country to its knees, the financial and economic crisis exploded –leaving Lebanon in extreme chaos.
Despite pledging to cap the exchange rate at LL 3,200 to the dollar, the Lebanese government failed the people once again. The Lebanese Lira depreciation persists, reaching approximately LL 7,000 to the dollar on the black market last week.
The Lebanese workforce is taking the hit of the collapsing economy, as the incomes of employees are losing value along with the currency depreciation.
