The variation of imports and exports in Lebanon over the last 30 years
The devaluation in the Lebanese currency has risen as Lebanon is suffering from the most severe economic problem since the civil war. As we know, Lebanon has huge depts. which forms over 150% of the national GDP, the third highest in the world. Adding to it, the gap between the exports and the imports of good and services in Lebanon which is widening in the recent years. Knowing that the Central Bank is providing 85% dollars for commodity imports, the US dollar is becoming scarce in the market. I can say that boosting the current economic downturn would require us to BUY Lebanese products.
