The Lebanese Ministry of Economy has announced to raise the price of a bundle of bread, at a time when the Lebanese pound continues to depreciate against the dollar on the black market, reaching its lowest level of 37,700 pounds per dollar.
The Ministry of Economy and Trade has set the price of a bundle of bread as follows: a small 365-gram bundle of bread costs 9,000 pounds, and a medium 825-gram bundle of bread costs 15,000 pounds.
He said that “the new pricing is caused by the rapid rise of the dollar exchange rate and the significant rise in fuel prices, which directly affects the price of flour production and the costs of making and transporting bread. , in addition to increasing the price of wheat on world markets as a result of the crisis in Ukraine ”.
The value of the Lebanese pound against the dollar in the parallel (black) market has significantly decreased, because according to websites and mobile phone applications to monitor the exchange rate of the dollar in this market, the price of a dollar is in between of 37,700 and 37,600 Lebanese. pound.
Last January, the dollar exchange rate reached its highest level, at 33,500 Lebanese pounds to the dollar, while the official exchange rate for the Lebanese pound has been fixed since 1997 at 1,507 pounds to the dollar.
It should be noted that before the parliamentary elections held on May 15, the exchange rate for the dollar was approximately 27,200 pounds, and since that day the price has continued to rise, and with it the prices of commodities. of food and fuel.
Source: RT
Source: Arabic RT
