Bread Towards Removal of Subsidies.. This is the Soon-to-be Price of a Loaf

The head of the Syndicate of Bakeries and Ovens in Beirut and Mount Lebanon, Nasser Sarour, indicated that initially, all components of a loaf of bread were subsidized, but with the onset of the crisis and the rise in the exchange rate, prices began to gradually increase until subsidies on all components except wheat were lifted. Today, the Central Bank of Lebanon is unable to support flour. Sarour stated via "Voice of Lebanon 100.5": "The solution of giving the Lebanese state a loan from the IMF to secure wheat was not suitable due to the rising price every month, and over time, the price will equal the exchange rate." He added: "The price of a loaf of bread will rise to around 80,000 LBP at the beginning of May next year," warning that "Syrians consume about 65% of the subsidized bread."