The price of a bundle of bread to 15000 pounds?!

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The Ministry of Economy decided to raise the price of a bundle of bread to 3250 pounds, after the Banque du Liban announced the lifting of subsidies on sugar. It is essential to make a loaf of bread, and therefore the price of the bundle was raised, and the increase in the value of the profits of the distributor, who is now incurring the details of repairing his car in dollars, was taken into consideration.In an interview with “Electronic News”, Barbara confirmed, “Attempts are continuing to keep the price of the bundle at the range of 3000 pounds, and an additional 500 pounds may rise if it is decided to lift the relative subsidy on fuel.”

As for the lifting of yeast subsidies and the increase in the bundle price to the range of 15,000 Syrian pounds, Barbara denied the Central Bank’s approach to this matter.

And he revealed that “the Bank of Lebanon had informed that the subsidy would remain on yeast, and had studied the file of re-subsidizing sugar for the bakeries, to decide at a later time, and then it would be based on what is required.”

Barbara concluded his speech, noting that “the factors that control the price of a bundle of bread are known, and they are the prices of raw materials, merchandise and labor, and as long as these prices remain the same, the price of a bundle of bread will remain at the range of 3000 Syrian pounds. Any rise in the exchange rate of the dollar will directly affect the price of the bundle, and this is what we do not wish for.”





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