Thursday, 10 December, 2020 - 12:45
Photo: REUTERS
Beirut- Caroline Akoum
The economic crisis and the exchange rate’s rise to unprecedented levels have had implications on the presence of foreign workers in Lebanon, estimated at around 1,200,000 people, who are paid over one billion two hundred million dollars overall every year. According to Information International research Mohammad Shams al-Din, the main reason for the departure of these foreigner workers, who are employed in particular sectors, is the decline in Lebanese families’ purchasing power and Lebanese corporations’ revenue and the fact that the unemployment rate in Lebanon is estimated to have risen to above 50 percent.