Lebanon’s medication importers claimed they were out of hundreds of vital drugs and cautioned of future shortfalls if the country’s cash-strapped central bank did not provide funding.
Lebanese are facing a slew of limitations, from gasoline to medicines, as the caretaker government considers eliminating subsidies it can no longer be able to afford in the midst of what the World Bank calls one of the world’s greatest financial crises since the 1850s.
In the illicit market, the local currency has shed more than 90% of its worth, but the central bank has been supplying importers with dollars at the far more advantageous official rate to pay a substantial portion of the cost of imported medications.
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