Plummeting pound The Lebanese pound has lost around 90% of its value against the dollar on the black market in 18 months of crisis. While the currency remains officially pegged to the greenback at 1,507 Lebanese pounds, the exchange rate has shot up to around 15,000 on the black market. Poverty Some 55% of Lebanese live below the poverty line of $3.84 a day, the United Nations says. Up to 23% of Lebanese live in extreme poverty, compared with just 8% in 2019. Inflation Consumer prices rose by almost 146% during 2020, official statistics show. Food prices overall rose by more than 400% last year, the World Food Programme says. The price of a basket of key survival items such as rice, pas
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