BEIRUT (Reuters) – Fouad Khamasi fills his taxi every day with about 40,000 Lebanese pounds’ worth of fuel. It could cost at least four times that much if subsidies come to an end.
The Beirut cab driver, 53, can just about afford to buy fuel and feed his kids. He worries the price of subsidised foods and key imports – wheat, fuel, medicine – will skyrocket.
“These are the toughest days I’ve ever seen,” he said. “Some days, you stick your hand in your pocket and find nothing … I leave the house and just pray. Whatever I make, it does nothing. It’s a joke.”
Time and money are running out for Lebanon.
Foreign reserves have dropped far below what the state already deemed “dangerous