Lebanon Businessnews News
 

Meltdown Has Become
a Dystopian Nightmare
World Policy Review
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Although most establishments accept dollars as cash payment, some traders, including some supermarkets, refuse to accept their own advertised price in dollars. Instead, they insist on converting the listed dollar price to liras at a rate they choose, which is higher than the black-market rate. This can all get complicated at the cash register. At one such supermarket last Monday, I had to pay $10 in cash plus another 37,000 liras for a bag of powdered milk advertised at $9.94.

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Date Posted: Mar 31, 2023
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