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AFP
July 1, 2020

Lebanese army scraps meat

World

AFP
July 1, 2020

BEIRUT: The Lebanese army has scrapped meat from all meals it offers to soldiers on duty as food prices skyrocket because of a deepening economic crisis, state media said on Tuesday.

Lebanon is in the throes of its worst economic downturn since the 1975-1990 civil war, with poverty surging to now afflict around half of the population. Although its currency is officially pegged at 1,507 pounds to the dollar, a shortage of hard currency has seen its black market value plummet to more than 8,000 to the greenback.

As a result, food prices have shot up by at least 72 percent since the autumn, the non-governmental Consumer Protection Association says. Prices are expected to climb further as the currency continues to dive.

Lebanon’s army has "completely scrapped meat from meals offered to soldiers while they are on duty," the National News Agency said, citing the economic crisis. On Tuesday, a kilogramme of lamb was selling for around 80,000 Lebanese pounds ($53 at the official rate), up from 30,000 pounds ($20 at the official rate) two months ago.