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BREAKING
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

Freefalling Lebanese currency hits unprecedented new low

  • By Al Mayadeen
  • Source: Agencies
  • 14 Dec 2021 15:59
1 Min Read

The Lebanese federations and unions of the road transport sector have said they were going on strike as the LBP/USD crossed the 28,000 LBP threshold.

  • x
  • Lebanon's crisis reaches unprecedented levels
    Lebanon's crisis reaches unprecedented levels.

The federations and unions of the road transport sector in Lebanon said Thursday they were resorting to a strike in light of the earth-shattering hike in fuel prices all over the country.

"The prices of oil derivatives used to come out one every week, but now it comes out twice a week, and it might go up to three times over US dollar price increases and fuel demand," Land Transport Unions Head Bassam Tlais said Tuesday.

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"Logic has it that the state must follow its people and preserve their purchasing power, not follow traders without taking the people's pains into consideration," he stressed.

The Lebanese pound collapsed further on Tuesday, hitting a new low with one US dollar surpassing the threshold of 28,000 LBP, which is unprecedented in the history of Lebanon.

The Lebanese currency has been diminishing since the 2019 crisis, at the beginning of which $1 USD was equal to 1500 LBP.

  • Lebanon crisis
  • USD
  • Lebanon

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