OK here is a short recap: The Greenback for import (one in all many many alternative Greenback parities in Lebanon) went from 1500 to 15000 Liras on the finish of 2022, then went as much as 45,000 Liras in February 2023, solely to extend to 60,000 in April and now 90,000 as of Might. Nicely, this mainly implies that Lebanon with 139% inflation fee goes to see additional enhance in costs.
Which brings us to some firms promoting older shares with the earlier customs import costs. Ergo – Toyota Lebanon leaping on that bandwagon. You could be stunned although that vehicles will not be high precedence for the Lebanese at this level (right here) however nobody can blame BUMC (the unique Toyota and Lexus vendor for Lebanon) for attempting.
Apparently what Lebanese actually do need are white items (comparable to fridges and fuel stoves), as a result of at this level vehicles are exceptionally costly – even with the previous import costs, and they’re seen as a farfetched relic from an older financial mannequin that now not exists.
