The head of the Arab Ovens and Bakeries Syndicate in Beirut and Mount Lebanon, Captain Nasser Sorour, announced that “the main reason for the increase in the price of a loaf of bread by 4,000 Lebanese pounds from 43,000 to 47,000 Lebanese pounds inside the ovens, came due to the rise in the price of a ton of flour at once, 4 million and 686 thousand.” Lira, to become 19,173,500, after its price was 14,517,500 Lebanese pounds.
Sorour explained, “This increase in subsidized flour is due to the pricing of flour at $30,000 instead of 15,000 Lebanese pounds,” pointing out that “this increase is natural, as the exchange rate of the dollar and raw materials has not changed, neither up nor down, but rather a gradual increase.” To price flour from $1,500 to $7,500 to $15,000, all the way to $30,000, it is a calculation process between the Ministries of Economy and Finance and the Bank of Lebanon, most likely.”
He stressed that “all components of a loaf of bread are not subject to any support from the Ministry of Economy, with the exception of subsidized flour, which starting tomorrow is priced at an exchange rate of 30,000 liras.”
He stressed that “there is no lifting of support on the horizon before the fifth month of 2024. Therefore, what is required is to accelerate the implementation of the financing card project to be distributed to the Lebanese families affected directly or indirectly, especially public sector employees, led by the military, in addition to everyone who… He still receives a monthly or daily salary in Lebanese pounds, and his salary is not in line with the insane rise in the dollar exchange rate, whether in the public or private sector.”
2023-10-03 19:20:29
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