Living conditions are very difficult in Lebanon, which has experienced one of the most painful examples of how the economy can collapse quickly.
Lebanon, in the World Misery Index just a little above us:
1- Zimbabwe
2- Venezuela
3- Syria
4- Lebanon
5- Sudan
6- Argentina
7- Yemen
8- Ukraine
9- Cuba
10- Türkiye
Most of the countries below or above us on this list either under an embargo or struggling with internal/external wars.
We have previously described what happened in some of the countries on the list, in the following content:
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Now let’s examine the situation in Lebanon: As you can see in the video, their currency, the “Lebanese lira”, has become very worthless.
Just like the Turkish lira:
Manchester City fans who broke £50 in Istanbul
While the minimum wage in Lebanon is $300 It went as low as $30. Even passport procedures are suspended as there is an intense brain drain in the country.
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In 2019, one US dollar was traded at 1,500 Lebanese lira, while on March 21 140 thousand It was up to the Lebanese lira. Currently, it is 15 thousand liras, but 94 thousand liras on the black market.
Imagine that the government seized your money in your bank overnight. You cannot touch your hard earned money.
People are attacking banks to save their money. People like you and me take guns and rob banks. Rather, from the state that has become a robber They are trying to get their own money.
woman in the photo He had raided a bank for his cancer sister with his nephew’s toy gun and fled to Istanbul after withdrawing the money from his own account.
In Turkey, the depreciation of TL is tried to be prevented by foreign exchange sales and various non-market arrangements. Banks offer companies $1,000 to $5,000 a day in foreign exchange sales. brought limits.
Banks after 11:00 He also stopped selling foreign exchange to companies. Companies that cannot meet their foreign exchange needs from banks are willing to accept the high cost rate of the free market.
There is only one hour of electricity per day. In fact, cars collide on the streets because the traffic lights are not working.
Therefore, patients on ventilators are in danger of losing their lives.
Private company that stopped supplying electricity because it could not get paid for 18 months, It was a Turkish company based in Istanbul.
So, what were the things that pushed Lebanon, known as the Paris of the Middle East, into this terrible chaos?
Lebanon, 2nd country with the most refugees in the world. This caused a serious crisis. 1. who is it? Of course Türkiye!
The reason why Lebanon is affected by this situation more than us is the population factor. The number of refugees in the country with a population of 6.7 million, make up a quarter of the population.
Lebanon ranks first in the world in terms of the number of refugees per capita. Imagine that there are more than 20 million refugees in Turkey…
The 15-year civil war, caused by the influence of Syrian and Palestinian refugees, is among the biggest causes of this chaos. Actually, not refugees. those who do not manage the process well is responsible for this situation.
While the country was already in a difficult situation, the economy was even worse affected when the Beirut Port exploded.
In fact, this explosion It was a reflection of the corruption in the country. Many warnings were made about this, but they were ignored. Although 3 years have passed since the explosion on August 4, 2020, its effects still continue.
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Due to both the civil war and the impact of this explosion, a fuel crisis occurred. to power plants when fuel is not available it became possible to provide electricity to the public for only 1 hour.
if you have money It is possible to buy electricity or generators from private energy companies, but if you do not have money, you have to get used to a life without electricity.
“We may not be able to pay civil servant salaries in June,” the Prime Minister said in a statement last week.
In Lebanon, where 80% of the population is at the poverty line, the salary of civil servants was previously $1,000, now it is It fell below $100.
The factor that keeps the Lebanese people alive and Lebanese living abroad. Three times as many Lebanese as the country’s population live abroad, and people in the country can make a living thanks to the foreign exchange they send there.
enveloping the whole country in Lebanon no mass uprisings This could be one of the reasons. Maybe it’s because they have no hope that things will get better, who knows.
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