How will tiny bankrupt yet resilient Lebanon survive the loss of 90% of its currency’s value since late 2019?

From a Reuters article ( we learn that “Lebanon’s currency crashed past a milestone on Sunday reaching a new low against the dollar, as the country’s financial meltdown and political deadlock linger”.

In addition, we read the following: “market dealers said the Lebanese pound was trading at around 15,150 to the dollar, losing around 90% of what it was worth in late 2019”.

Given all this, it is not surprising that some Lebanese hospitals are now “ruling out elective procedures and only performing emergency surgeries to ration what is left of medical supplies”.

Moreover, the majority of pharmacies closed their doors to stage a two-day-strike because medications run out. Indeed, Bambi’s parents have been recently visiting up to 10 different pharmacies in Beirut in order to find their badly needed medication.

Even gas is running out. Sadly, Lebanon lacks a fully functional transportation system. Luckily, some citizens are increasingly relying on a “Vespa” or their bike to get to work. Of note, both citizens and their hospitals need gas to keep their generators turned on because the government’s power is available only for a few hours per day (and this is not a new story!).

According to Reuters, “hours long car queues for gasoline have frustrated motorists causing squabbles”. Sure the latter is frustrating, but for Bambi, perhaps the most disturbing part of this article is the the endless irresponsibility of the Lebanese political “leaders”: “The financial collapse is taking place against a backdrop of fractious politicians bickering over cabinet formation”!

To conclude, Bambi is lacking words to end this post. What can she say more about this ongoing Lebanese tragedy, ranked among the world’s three worst since 1850s ( If you do not mind, she would like end this post, devoted to her birth country, with a famous song by Fairuz, which is entitled “I love you Lebanon” (sub-titled in English)…

2 thoughts on “How will tiny bankrupt yet resilient Lebanon survive the loss of 90% of its currency’s value since late 2019?”

  1. Heartbreaking…. do you talk to the owners of Goya’s Pizza in town about the Lebanese lament… they are beautiful people too who must be heartbroken about their home country… it took them about seven years to immigrate to Canada to start their new lives with their family in Canada. What will it take for nations to break the grip of the international bankster cabal holding us all hostage?
    Perhaps ‘corruption’ is more appropriate a word? Walter Burien with Clint Richardson explains…

    1. Many thanks for your kind comment about Lebanon. Yes, Bambi totally agrees wit you that the owners of Goya’s Pizza (Sackville, NB) are VERY “beautiful people”! Nice of you to say so! Bambi loves the Farrahs DEARLY! It is very thoughtful of you to think of them. They are indeed heartbroken about Lebanon… and yes, about seven years to immigrate to Canada is a LONG waiting time! Bambi wonders if Canada can do things more efficiently (from a bureaucratic perspective) to speed the process, especially/at least for those awaiting for their loved ones. Bambi is now thinking of one of their relatives, waiting for her husband to join her/their very young children for YEARS now :(!

Leave a Reply

Your email address will not be published. Required fields are marked *