With the Lebanese economy in shambles and its currency in free fall, Bazazo spends much of his time trying to keep up with a fluctuating exchange rate. Businesses like his are increasingly leaning on one of the world’s most reliable assets the U.S. dollar as a way to cope with the worst financial crisis in its modern history. The Lebanese pound has lost 95% in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars. While this “dollarization” aims to ease inflation and stabilize the economy, it also threatens to push more people into poverty and deepen the crisis. What should Lebanon do ?

Previous Article

Estonia Votes against Russia

Next Article

Israel -Iran conflict