The union of butchers and livestock dealers in Lebanon announced on Friday that the purchase of livestock has stopped because of the dollar exchange rate.
In a letter that the union sent to the government, the butchers and dealers announced that the insane rise in the exchange rate of the dollar and the Lebanese pound’s loss of its purchasing value led to this problem.
The union imports livestock in USD, which can’t be found now in the country. “The government isn’t giving any form of support on the issue,” the letter says, “and this substance comes second after bread.”
“The union has decided to stop working… The union holds the government accountable for the loss and high prices of meat,” they said.
Evidently, this will also affect the restaurants in Lebanon. Noting that this same issue is causing several other industries in Lebanon to stop working.
Hospitals, for example, can only receive now critical cases, and the reason is the same: the lack of U.S. dollars in the market and the high USD/LBP exchange rates.