Lebanese focus purchases on necessities amid local currency collapse

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Lebanese focus purchases on necessities amid local currency collapse

STORY: Lebanese focus purchases on necessities amid local currency collapse DATELINE: Jan. 24, 2023 LENGTH: 00:03:44 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. various of an exchange shop 2. SOUNDBITE 1 (Arabic): AYMAN TARABAY, Local resident 3. various of a market 4. SOUNDBITE 2 (Arabic): VIVIANE AL KADI, Saleswoman at a supermarket 5. SOUNDBITE 3 (Arabic): KHALED ABOU SHAKRA, Economist STORYLINE: The collapse of the Lebanese pound weighed heavily on people's ability to buy their daily needs as a big percentage of the population is employed by the public sector and gets paid in the local currency. The Lebanese pound on Jan. 19 dropped to 50,000 per one U.S. dollar for the first time in the country's history, Elnashra news website reported. SOUNDBITE 1 (Arabic): AYMAN TARABAY, Local resident "Of course, everyone will feel the difference. For example, a person in Lebanon used to generate an income of 1.5 million Lebanese pounds which was equivalent to 1,000 U.S. dollars, now if he has 1,000 U.S. doll

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