Lebanon's ongoing economic crisis has left countless individuals and businesses to adapt to the harsh realities of the collapsing economy. FRANCE 24 met with Pierre, an officer in one of the state's security agencies, and Houssam, the owner of a trendy café in Beirut, who explain the challenges to sustaining their livelihoods.
Before the crisis began in 2019, Pierre enjoyed a comfortable salary of 3 million Lebanese lira (equivalent to $2,000) per month, along with a range of social benefits. However, as the Lebanese lira dramatically collapsed from 1,500 lira to one US dollar (USD) in 2019 to more than 120,000 lira to one USD in 2023, his salary lost 98.5 percent of its value, leaving him in financial straits.
