Lebanese facing tax rises and more expensive imports ...Saudi Arabia

Fri, 2022-12-02 22:22 BEIRUT: Lebanon has officially adopted a new exchange rate on imports ten times the previous level, in a move that will deepen economic misery in a country already suffering hardship. The new customs exchange rate of 15,000 Lebanese pounds a dollar replaces the previous rate of 1,500, which was in use for nearly three years. The customs dollar is the price for calculating the customs value of imports, and is paid in Lebanese pounds.Main category: Middle-East

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