In Lebanon, a ride in a shared taxi cost 2,000 pounds before the crisis but now costs about 40,000 pounds.
are skyrocketing in the population of about 6.5 million, with around 80% of people classed as poor, the United Nations agency ESCWA says. Last September, more than half of families had at least one child who skipped a meal, UNICEF has said, compared with just over a third in April 2021.
Lebanon’s banks are paralyzed. Savers have been frozen out of US dollar accounts. Withdrawals in local currency apply exchange rates that erase up to 80% of the value. During an October visit to Beirut, US official Victoria Nuland said the Lebanese people deserved to know where their money had gone. Lebanese have emigrated in the most significant exodus since the civil war. Believing their savings are lost, many have no plans to return. A 2021 Gallup poll found a record 63% of people surveyed wanted to leave permanently, up from 26% before the crisis.
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