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Media said today, Wednesday, that there were 5 Arab countries threatened with hunger and crushing of their poor classes, after the gradual deterioration of their local currency against the US dollar, which led to an increase prices of goods and food.
Arab countries are threatened by hunger
According to reports, residents of Syria, Lebanon, Iraq, Yemen and Sudan are in real danger to their livelihoods, given the deterioration in the price of their local currencies against the dollar.
As Iraq and Sudan try to control the dollar exchange rate, without affecting living reality, the situation in Yemen and Syria is a little different as the poor classes of both countries are threatened with hunger. , while the Lebanese currency endures. Collapse.
According to Lebanese media, the dollar exchange rate has reached the limits of 10 thousand Lebanese pounds per dollar, in an unprecedented decline, which has led to the outbreak of angry popular protests, which have closed the streets in various regions of Lebanon.
Today, Wednesday, Lebanese President Michel Aoun called on the governor of the Central Bank to investigate the causes of the currency devaluation events.
President Aoun called on the Governor of the Banque du Liban to return the results of the investigation to the prosecution so that those involved can be prosecuted in the event that it is proven that there are illegal speculative operations in the currency. national by individuals, institutions, or banks.
– Lebanese Presidency (@LBpresidency) March 3, 2021
He said in his tweet: “I call on the Governor of the Banque du Liban to refer the results of the investigation to the prosecution so that those involved can be prosecuted in the event that it is proven that there are operations. of illegal speculation on the national currency by individuals, institutions or banks. “
Among the countries threatened by hunger is Syria: the Syrian pound has recorded a new record drop in its value on the parallel market, reaching a threshold of 4 thousand to the dollar.
The “World by Map” Foundation revealed in its annual Poverty Study in the Countries of the World, which it published at the end of last month, that Syria again ranks first among the world’s top countries. poor, with 82.5%, followed by a number of African countries.
As for the third country whose population is threatened with famine, it is Yemen, according to what the head of the Yemeni government, Maeen Abdulmalik, declared last Monday, during a telephone call which he made with the secretary general. of the United Nations, Antonio Guterres.
Abd al-Malik reviewed the difficult economic and humanitarian conditions in Yemen and the urgent needs needed to support the economy and stabilize the national currency, warning that the continued collapse of his country’s currency heralds a “famine”.
Iraq is one of the countries suffering from a slight depreciation of its local currency, especially after the decision of the federal government at the end of 2020 to raise the value of the dollar against the Iraqi dinar by 1200 dinars to the dollar to 1450.
This decision has led to an increase in prices, especially of foodstuffs, especially since Iraq depends on imports to secure its goods.
Finally, the fifth Arab country that suffers from a weak local currency is Sudan, whose currency has stabilized over the past two weeks at 376 pounds against the dollar, thanks to the policy of floating the pound carried out by the authority. of transition.
Over the past 6 months, the Sudanese currency had deteriorated drastically from 150 pounds last August and continued to climb until reaching 420 pounds in January 2021, which was reflected in the prices of raw materials and led to a mad rise.
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