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Asharq Al-Awsat
Asharq Al-Awsat
World
Beirut - Paula Astih

Numbers Highlight Lebanon’s Collapse During Aoun’s Tenure

Lebanon's President Michel Aoun giving a televised speech at the presidential palace in Baabda, east of Beirut, on May 14, 2022 on the eve of parliamentary elections. (Dalati & Nohra)

Less than two months before the constitutional date that allows for the election of a new president for Lebanon, the severe economic and financial crisis that the country has been witnessing since the fall of 2019 continues to worsen.

The devaluation of the Lebanese currency, which has lost more than 90 percent of its value, is reflected in all aspects of life and is leading to soaring prices and increasing poverty among the Lebanese, the vast majority of whom are still receiving their salaries in Lebanese pounds.

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