Sunday, 10 January, 2021 - 10:15
A man shops at a grocer in Lebanon. (Reuters) Beirut - Paula Astih
Shoppers recently visiting a Lebanese market may feel that they are in a country other than Lebanon. The global goods, which the consumer is accustomed to, are missing from most of the shelves, and if any, their prices are now four times higher because the dollar exchange rate has risen dramatically in the past months.
The missing products have been replaced by cheaper alternatives, “albeit of lesser quality, with the majority being imported from Turkey, Egypt and Syria,” according to the Director General of the Ministry of Economy, Mohammed Abu Haidar.