The Lebanese government will offer dollars to importers of materials essential to rebuild the shattered city of Beirut at a rate more than double the official currency peg that still governs most Lebanese people’s salaries, amid hyperinflation caused in part by the government’s economic mismanagement and corruption.
Images have surfaced showing the widespread destruction caused by the massive blast in #Beirut’s port to the neighborhoods of Mar Mikhael and Gemmayze, home to some of the city’s most popular restaurants and bars.— Al Arabiya English (@AlArabiya_Eng) August 5, 2020
See the damage here. #Lebanonhttps://t.co/LmabDIKnaU
Hyperinflation takes its toll
Recovery plan appears unsustainable
Watch: Lebanese security forces fire tear gas to disperse dozens of demonstrators gathered in front of the parliament building protesting the government’s incompetence in the wake of the deadly Beirut explosion.#BeirutExplosion #Lebanonhttps://t.co/8JUrerzkck pic.twitter.com/NkD42StiTB— Al Arabiya English (@AlArabiya_Eng) August 7, 2020