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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanese Supermarkets Mark Prices in Dollars as Local Currency Tanks

Lebanon United Nations United States Poverty US Dollar
Customers walk past a screen showing the daily US dollar rate at a supermarket in Beirut, Wednesday, March 1, 2023. (AP)

Supermarkets in Lebanon started pricing items in US dollars on Wednesday instead of the nose-diving local currency, after a government announcement allowing the practice in a country heavily reliant on imports.

Since late 2019, Lebanon has been facing a dramatic economic crisis that has seen poverty rates climb to reach more than 80 percent of the population, according to the United Nations.

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