Lebanon to hike import tariffs amid spiralling inflation

Lebanon to hike import tariffs amid spiralling inflation

BEIRUT -

Lebanon will triple the tariffs it charges on imports in local currency, according to copies of government decisions revealed on Tuesday, as the state seeks to boost its revenues amid a worsening economic crisis.

Caretaker Finance Minister Youssef Khalil sought to change the rate at which customs fees are calculated from 15,000 pounds per US dollar to 45,000 pounds, according to correspondence.