News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
26
o
Bekaa
27
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
25
o
North
29
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Nharkom Said
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
26
o
Bekaa
27
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
25
o
North
29
o
South
27
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
In Lebanon, customs duties inflate prices making cars only for the rich
Press Highlights
2023-05-10 | 04:42
High views
Share
Share
3
min
In Lebanon, customs duties inflate prices making cars only for the rich
The Lebanese did not feel much of the repercussions of the decline in the exchange rate of the US dollar on the black market or the preservation of its rate for weeks, as prices remained high.
This article was originally published in and translated from Lebanese newspaper Nidaa al-Watan.
Instead, according to Nidaa al-Watan, many shoppers noticed that food prices were affected by some increase in US dollars under the pretext of raising the value of customs duties, for which many questions were raised about the reality of this disparity and the role of supervision in it.
The price rise in US dollars will not be limited to food and cleaning materials but is expected to reach cars and cause the "death" of this sector.
Nowadays, dozens of showrooms are devoid of customers, an indication of a state of stagnation in sales, so what is the case if customs duties were raised according to what is scheduled on May 15th to become based on the Sayrafa rate after it was calculated on the official US dollar rate of 15,000 Lebanese lira.
According to
Nidaa al-Watan,
one of the showrooms owners says without hiding that "Raising customs duties to simulate the Sayrafa rate practically means dealing a fatal blow to exhibition owners, for this sector that collapsed with the onset of the economic crisis in 2019, then it began to gradually recover."
"If the decision is implemented, cars will become the monopoly of the rich, but only the rich," expecting the price of the smallest small car to rise to about 3,000 US dollars.
The "obsession" with raising customs duties applies to mobile money changers on the Banks Street, Riad Elsolh, as they accompanied with great interest the protest movement organized by the depositors' associations in Beirut, to demand the return of their money from the banks.
One of them said: "Eyes are on the banks because if they are closed, then the US dollar will "fly" and will never "calm down." We work anxiously and wary of a big and quick surprise."
Lebanon Economy
Press Highlights
Lebanon
Exchange Rate
Sayrafa
Customs Duties
Prices
Cars
Sector
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2024-10-02
Late-night Israeli airstrikes in Beirut lead to thick smoke and targeted strikes
Lebanon News
2024-10-02
Late-night Israeli airstrikes in Beirut lead to thick smoke and targeted strikes
0
Lebanon News
2024-10-02
Lebanese government issues its eighth report on humanitarian crisis amid Israeli aggression
Lebanon News
2024-10-02
Lebanese government issues its eighth report on humanitarian crisis amid Israeli aggression
0
Middle East News
2024-10-02
Rockets from Lebanon hit Galilee, damaging buildings
Middle East News
2024-10-02
Rockets from Lebanon hit Galilee, damaging buildings
0
World News
2024-07-15
Pakistan government will seek to ban party of ex-PM Khan
World News
2024-07-15
Pakistan government will seek to ban party of ex-PM Khan
Videos
d-none hideMe
0
Middle East News
2024-10-03
British ship Cordelia Moon targeted in Red Sea attack, Yemeni media reports (Video)
Middle East News
2024-10-03
British ship Cordelia Moon targeted in Red Sea attack, Yemeni media reports (Video)
0
Lebanon News
2024-10-03
Russia delivers humanitarian aid to Lebanon (Video)
Lebanon News
2024-10-03
Russia delivers humanitarian aid to Lebanon (Video)
0
Lebanon News
2024-10-02
Late-night Israeli airstrikes in Beirut lead to thick smoke and targeted strikes
Lebanon News
2024-10-02
Late-night Israeli airstrikes in Beirut lead to thick smoke and targeted strikes
0
Middle East News
2024-10-01
Yedioth Ahronoth: Over 102 rockets launched from Iran, sirens sound across Israel (Video)
Middle East News
2024-10-01
Yedioth Ahronoth: Over 102 rockets launched from Iran, sirens sound across Israel (Video)
0
Lebanon News
2024-10-01
Iranian plane arrives in Latakia with humanitarian aid for Lebanese citizens fleeing to Syria (Video)
Lebanon News
2024-10-01
Iranian plane arrives in Latakia with humanitarian aid for Lebanese citizens fleeing to Syria (Video)
0
Lebanon News
2024-09-29
Israel strikes apartment in a building in Cola area in Beirut
Lebanon News
2024-09-29
Israel strikes apartment in a building in Cola area in Beirut
0
Lebanon News
2024-09-28
Video shows aftermath of intense Israeli strikes in Beirut's southern suburbs
Lebanon News
2024-09-28
Video shows aftermath of intense Israeli strikes in Beirut's southern suburbs
0
Lebanon News
2024-09-26
Explosion heard in Beirut’s southern suburbs as Israeli airstrike hits (video)
Lebanon News
2024-09-26
Explosion heard in Beirut’s southern suburbs as Israeli airstrike hits (video)
0
Lebanon News
2024-09-25
Israel targets Ras Osta, Bechtelida in Byblos district; announces ground operation plans
Lebanon News
2024-09-25
Israel targets Ras Osta, Bechtelida in Byblos district; announces ground operation plans
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
13:40
Israeli strike on Nabi Younos in Jiyeh
Lebanon News
13:40
Israeli strike on Nabi Younos in Jiyeh
2
Lebanon News
15:58
Israel issues new evacuation order for Choueifat Amroussieh, Haret Hreik residents in Beirut’s southern suburbs
Lebanon News
15:58
Israel issues new evacuation order for Choueifat Amroussieh, Haret Hreik residents in Beirut’s southern suburbs
3
Lebanon News
15:44
Israeli army issues urgent evacuation warning for Borj El Brajneh residents in Beirut's southern suburbs
Lebanon News
15:44
Israeli army issues urgent evacuation warning for Borj El Brajneh residents in Beirut's southern suburbs
4
Lebanon News
18:12
Adraee warns residents of Borj El Brajneh, Laylaki, and Haret Hreik residents in Beirut's southern suburbs to immediate evacuate
Lebanon News
18:12
Adraee warns residents of Borj El Brajneh, Laylaki, and Haret Hreik residents in Beirut's southern suburbs to immediate evacuate
5
Lebanon News
18:55
Hezbollah: We launched a salvo of rockets at Israeli forces trying to evacuate dead soldiers from Manara settlement
Lebanon News
18:55
Hezbollah: We launched a salvo of rockets at Israeli forces trying to evacuate dead soldiers from Manara settlement
6
Lebanon News
16:18
Israeli strikes hit Beirut’s southern suburbs following Israeli army’s evacuation alert
Lebanon News
16:18
Israeli strikes hit Beirut’s southern suburbs following Israeli army’s evacuation alert
7
News Bulletin Reports
13:18
Inside Israel: Damage caused by Iran, Iraq, and Hezbollah amid field difficulties in South Lebanon
News Bulletin Reports
13:18
Inside Israel: Damage caused by Iran, Iraq, and Hezbollah amid field difficulties in South Lebanon
8
Lebanon News
08:48
Israeli Golani Brigade claims to uncover weapon depots and infrastructure in South Lebanon
Lebanon News
08:48
Israeli Golani Brigade claims to uncover weapon depots and infrastructure in South Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More