IMF & econ. justice w/ @AWC_MENA | queer political economy, feminist economics, debt justice-formerly, @TPI_Lebanon, @Timepdc//@cheveningfcdo alumni board 🇱🇧
May 26, 2022 • 7 tweets • 2 min read
🧵 In a matter of two weeks, the value of the Lebanese pound reached around 36,000 LBP against the USD, ⬇️ from 27,000 LBP. Meanwhile, Lebanese policymakers have yet to reach a clear stance on economic reforms that could contain the shock & curtail some of its deep effects. 1/72/7 LBP today is at 4% of its 2019 value. As the Lebanese lira loses more of its value, the average price of basic commodities is going to spike, including fuel and electricity subscriptions. This development comes with the emergence of news on hiked telecommunication fees.
