August 03, 2021
Lebanon's economic implosion and currency crisis have caused food prices to surge. Lebanon imports around 80 percent of the food it consumes, and so the sharp depreciation of the lira vs the US dollar has made some staples five times more expensive than when the economic crisis first hit in October 2019. This year's Ramadan was very painful for many Lebanese, as the cost of an Iftar meal — which Muslims break their fast with each day — has increased a whopping 300 percent in just two years. We take a look at how food prices have risen as a result of the plunging value of Lebanon's currency over the last 15 months.
More For You
On Monday, public health officials said the virus had killed 2,325 people.
Most Popular
U.S. Army soldiers take part in a U.S.-South Korea joint river-crossing exercise, which is a part of the annual Freedom Shield joint military training, near the demilitarized zone separating South and North Korea, in Yeoncheon, South Korea, March 14, 2026.
REUTERS/Kim Soo-hyeon
The decision deals a blow to a decades-old alliance: South Korea relies heavily on US deterrence against its nuclear-armed northern neighbor and hosts 28,500 American troops.
AI is reshaping not only how college students learn, but what they choose to study in the first place.
- YouTube
Russia may be on the back foot in the war, but life near Ukraine’s front lines remains brutal. On GZERO World, David Miliband talks about the human cost of war and why winning on the battlefield means nothing if Ukraine can’t sustain its people.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.