Lebanon’s financial system is over, says economy minister – The National

Lebanon’s financial system is over, says economy minister – The National

The Lebanese Economy Minister on Tuesday admitted his department can do little to stop the country's steep financial decline, as he discussed the decision to make supermarkets display the rate-to-the-dollar at which goods are priced.

Amin Salam said the measure was introduced to guard against rampant price manipulation, as the national currency continues to plummet in value, sometimes by the minute.

Supermarkets will also be permitted to display the price of imported supermarket goods in dollars, with domestic products still priced in the national currency.