Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Lebanon precedes Iraq towards collapse.. The reasons are similar and the solutions are the same

    rocky
    rocky
    rocky
    NNP TEAM
    NNP TEAM


    Posts : 241706
    Join date : 2012-12-21
    • Post n°1

    Lebanon precedes Iraq towards collapse.. The reasons are similar and the solutions are the same Empty Lebanon precedes Iraq towards collapse.. The reasons are similar and the solutions are the same

    Post by rocky Sat 18 Mar 2023, 5:35 am

    [size=45][size=41]Lebanon precedes Iraq towards collapse.. The reasons are similar and the solutions are the same[/size]
     14 hours ago
    1,250
    [/size]

    [You must be registered and logged in to see this image.]
    The free fall of the Lebanese pound has become more like the natural result of the failure of the political and monetary authorities to find solutions and approve reforms, according to Lebanese observers, and while the Central Bank of Lebanon is unable to intervene with sustainable solutions to control the chaos of the parallel market, the latter controls the fate of the pound, which is much closer to the reality of the state of politics. cash in Iraq, but with a slight time difference.
    A survey of the opinions of different Lebanese personalities on the reasons that led to the collapse of the Lebanese pound, some of whom confirmed that the reasons are continuing at the economic and political level, while others indicated that the crisis extended to all sectors, including tourism.
    Ibrahim Yahya (a banker) said, in a press interview seen by Taqaddam, that “the economic sanctions imposed by the United States of America and Western countries on Lebanon and Hezbollah, in addition to the political crisis, all of this caused an economic crisis, the collapse of the lira, and the rise in the exchange rate.” The dollar, especially after the Beirut port explosion.
    Yahya added, “The Lebanese people no longer know where their interest is and have begun to trade in the currency of their country. Trading in the currency has become available in Lebanon,” adding, “Every person who owns some dollars has begun to buy and sell, and this is not true, and all of this caused the depreciation of the lira and the rise in its price.” Exchange of dollars, and today the exchange rate of $100 has become 10,600,000 pounds.”
    He explained, "The dollar continues to rise, and if the political crisis continues in Lebanon and the lack of agreement with Western countries, the exchange rate of $100 will reach 15 million pounds in the coming months."
    The dollar and the countries of the region
    For his part, Mahmoud Al-Sayed (a university professor) believed that the Arab peoples (Iraq, Lebanon, Syria and Yemen) are supposed to preserve the local currency, and face the economic crisis and the collapse of its local currency because of its political stances towards Western countries, and what is happening today in Lebanon in terms of The collapse of the currency may happen in other Arab countries.
    Al-Sayed continued: “I am a university professor and I have American citizenship, but I cannot leave Lebanon due to family circumstances, and that $100 has become insufficient for the expenses of 15 days, and that foodstuffs and household needs have become valued in dollars and their price has increased twice as much as it was in the past, and thus the citizen has become The Lebanese are powerless and awaiting mercy and forgiveness from Western countries to end economic sanctions and save the lira from the continuous collapse.
    The Lebanese university professor pointed out that “the economic crisis did not only affect the local currency, but also caused a national electricity outage, and electricity became working 2-3 hours a day, in exchange for 22 hours of shutdown, and that the price of gasoline (20 liters) reached 20 dollars.” This is what caused the increase in the prices of the (National Birthplace) and the price of the car transport fare has become double, and every day a new price according to the exchange rate of the dollar.
    The salary is $30
    In turn, Sarah Al-Wadaei (a teacher and a shop owner) said: “Our life has become very difficult after the exchange rate of $100 reached more than 10 million pounds, and this is what caused the rise in food prices, especially as we are approaching the month of Ramadan, and the money we have is not Enough for the middle of the month.
    Al-Wadaei stated, “The current situation in Lebanon is closed, and there are no schools or working hours due to the strike. Teachers have been on strike in schools since the Corona pandemic because of not receiving their salaries, and the monthly salary of a teacher does not reach 3 million pounds, meaning 30 dollars per month, and this salary is not enough for a week’s expenses.” We do not know how to live as we approach the month of Ramadan.”
    Tourism deterioration
    On the other hand, Nadia Mahmoud (a tour guide) considered that “the political and economic crisis affected tourism in Lebanon, and since the Corona pandemic, the number of Arab and foreign tourists has decreased by 75%, and that the tourists in Lebanon are mostly from Iraq.”
    And before the explosion of the port and the Corona pandemic, Beirut Airport was receiving more than 100 flights per day, but now the percentage of incoming flights to Beirut has decreased by 70%, and this, in one way or another, affected tourism in Lebanon.
    And Muhammad concluded, saying: “We operate one or two tourist trips per week to the regions of northern or southern Lebanon, after the trips were continuing on a daily basis without stopping,” pointing out that “tourists are mostly from Iraq, and the tourism fees per person range from 10-15 dollars according to the flight and its place.”
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Fri 31 Mar 2023, 8:07 pm