Forwarded from Ice Age Farmer
Emergence of "black market food" more expensive than the government rations — we will witness this anywhere there is rationing.
Lebanese face long ‘insulting’ queues to buy bread
Khalil Mansour has to queue for hours every day just to buy bread for his family and some days he can’t afford any. In a country which once boasted the nickname “Switzerland of the Middle East” for its thriving banking sector before financial crisis hit in 2019, the chronic shortage of the staple of the Lebanese diet has been hard to take.
Faced with demands from international creditors for painful reforms in return for the release of new aid, the embattled government has been forced to end subsidies on most essential goods — although not so far on wheat. The price of subsidised bread has gone up, although by less than if there were no subsidy, but bakeries have started rationing the staple. A bag of flat Arabic pitta-like bread now officially sells for 13,000 Lebanese pounds (43 US cents). On the black market it costs more than 30,000. “Last week I went without bread for three days because I cannot afford to pay 30,000,” said Mansour, 48.
For Mansour and most Lebanese, buying bread means standing for hours in long queues outside bakeries and sometimes, when their turn comes, the bakeries have run out of bread.
#FoodPrices #Rationing #Lebanon
https://dailytimes.com.pk/975287/lebanese-face-long-insulting-queues-to-buy-bread/
Lebanese face long ‘insulting’ queues to buy bread
Khalil Mansour has to queue for hours every day just to buy bread for his family and some days he can’t afford any. In a country which once boasted the nickname “Switzerland of the Middle East” for its thriving banking sector before financial crisis hit in 2019, the chronic shortage of the staple of the Lebanese diet has been hard to take.
Faced with demands from international creditors for painful reforms in return for the release of new aid, the embattled government has been forced to end subsidies on most essential goods — although not so far on wheat. The price of subsidised bread has gone up, although by less than if there were no subsidy, but bakeries have started rationing the staple. A bag of flat Arabic pitta-like bread now officially sells for 13,000 Lebanese pounds (43 US cents). On the black market it costs more than 30,000. “Last week I went without bread for three days because I cannot afford to pay 30,000,” said Mansour, 48.
For Mansour and most Lebanese, buying bread means standing for hours in long queues outside bakeries and sometimes, when their turn comes, the bakeries have run out of bread.
#FoodPrices #Rationing #Lebanon
https://dailytimes.com.pk/975287/lebanese-face-long-insulting-queues-to-buy-bread/
Daily Times
Lebanese face long ‘insulting’ queues to buy bread
In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and some days he can’t afford any. In a country which once boasted the nickname “Switzerland of the Middle East” for its thriving banking sector before financial…
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At least 7 banks robbed today in #Lebanon by savers claiming their own money, blocked since the start of the crisis in 2019. Protesters gather to support the robbers. All banks in the country will be closed for three days for security 🚨
https://twitter.com/WallStreetSilv/status/1571076522609324032
They're not robbers, they're forcibly withdrawing their own money.
Unfortunately, these are no longer places where money is stored. Banks are just places to bring fake money into existence on a computer and then demand it back from people with interest.
The world will be better when they all fall. Faster, please.
@AltSkull48
https://twitter.com/WallStreetSilv/status/1571076522609324032
They're not robbers, they're forcibly withdrawing their own money.
Unfortunately, these are no longer places where money is stored. Banks are just places to bring fake money into existence on a computer and then demand it back from people with interest.
The world will be better when they all fall. Faster, please.
@AltSkull48