Lebanon’s currency reaches historic low, inflation exceeds 500%

The Lebanese currency continues to decline against the US dollar, recording its lowest value this week in the parallel market, coupled with a sharp rise in fuel prices and inflation that exceeds the alarming rate of 500%.

In the commentary to Asharq Al-Awsat, economic experts and analysts spoke of serious indicators that indicate the acceleration of a new and high inflationary wave that risks further destabilizing the fragile balance of life.

Analysts have agreed to link three main factors, which are formally separate but implicitly linked, which together will accelerate the country’s slide towards tougher slumps.

First, analysts pointed to the loss of executive authority, between an interim government with limited capabilities and a new government led by Prime …

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