Lebanese supermarkets mark prices in dollars as local currency tanks ...Kuwait

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. The local currency, now officially pegged at 15,000 to the greenback, was trading Wednesday at almost 90,000 to the dollar, compared to 60,000 in late January. عودة الأرقام الصغيرة الى رفوف السوبرماركت بعد انطلاق مرحلة دولرة الأسعار #لبنان #دولرة pic.twitter.com/vO3zUyabih — Ghin

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