Is dollarization the
best option to confront
the collapsing economy?

Al Monitor

There is no official decision forcing people to price their items in dollars. However, one cannot deny the fact that the national currency has collapsed against the dollar.

Lebanon’s economy is chaotically and gradually becoming dollar-based, as the dollar has dominated the pricing, payment, trading and even people’s savings due to the collapse of the Lebanese pound since the economic crisis broke out in October 2019, leaving the country on the brink of total financial collapse.

FULL STORY