How Expensive is Beirut, Lebanon? Black Market & Hyperinflation 🇱🇧

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  • เผยแพร่เมื่อ 26 ส.ค. 2024

ความคิดเห็น • 503

  • @dalilovlogs
    @dalilovlogs 2 ปีที่แล้ว +49

    لبنان الحبيبة، أرجو أن تنتهي المحنة قريبا و يعم الخير و الرخاء بلادكم و بلادنا.
    أخوكم من تونس ❤️

    • @user-ms7gt2km5f
      @user-ms7gt2km5f 2 ปีที่แล้ว +2

      آمين الله يعينهم ويصلح بلادهم

    • @hussainwarraich8139
      @hussainwarraich8139 2 ปีที่แล้ว

      فی امان الله 🤲

    • @nabilaboumoussa5696
      @nabilaboumoussa5696 5 หลายเดือนก่อน

      أنت إنسان أكثر من رائع وأنا أشكرك من كل قلبي على هذا التعليق الجميل. كل هذا يعكس روحك الطيبة وروح أحبائنا الرائعين في تونس. تونس الغالية أنا أيضاً من زمان أعرف بأن تونس بلد الرقيّ والحضارة. بارك الله بأمثالك وبارك أرض تونس. آمين

  • @marcobardus
    @marcobardus 2 ปีที่แล้ว +89

    I lived in Lebanon (Beirut) for 6 years. Before the crisis started we used to live a decent life... Everything went down in late 2019, and my family and I decided to leave because it was unsustainable. And I was earning a good salary as a university professor.

    • @bonniesteinke6624
      @bonniesteinke6624 2 ปีที่แล้ว +6

      That is very sad. 😢 I believe that corrupt politicians, who didn’t have the best interest of the citizens in mind, had a large part in creating the crisis. Lebanese people do not deserve this.

    • @marcobardus
      @marcobardus 2 ปีที่แล้ว +1

      @@bonniesteinke6624 Unfortunately, the collapse of the economy and of the society is entirely man-made; yes it's the politicians' fault

    • @Abraham_Tsfaye
      @Abraham_Tsfaye 2 ปีที่แล้ว +4

      A country of thieves, crooks and murderers.
      Now it is destroyed and bankrupt.
      Justice!

    • @bonniesteinke6624
      @bonniesteinke6624 2 ปีที่แล้ว +8

      @@Abraham_Tsfaye ordinary, hardworking people never deserve to suffer because of the evil of their leaders. The unscrupulous politicians never seem to be brought to justice. I pray for the people of Lebanon 🇱🇧

    • @Designer_TopG
      @Designer_TopG 2 ปีที่แล้ว

      @@bonniesteinke6624
      Yes it is. The corrupt politicians like you said.

  • @jorgegustavoortiz7717
    @jorgegustavoortiz7717 2 ปีที่แล้ว +84

    Wow... How sad it always for the hard working people of the country. Politicians should be eliminated from the face of earth... Disgusting.

    • @anonymous_0108
      @anonymous_0108 2 ปีที่แล้ว +2

      💯😪

    • @nwywnwyw9113
      @nwywnwyw9113 2 ปีที่แล้ว +2

      So you know send me some help

    • @nwywnwyw9113
      @nwywnwyw9113 2 ปีที่แล้ว +4

      I work 20 h per day for 50 $ monthly

    • @anonymous_0108
      @anonymous_0108 2 ปีที่แล้ว +2

      Lol! Try to find a work outside of Lebanon

    • @nwywnwyw9113
      @nwywnwyw9113 2 ปีที่แล้ว +2

      @@anonymous_0108 i dont have money for that... thanks anyway

  • @bonniesteinke6624
    @bonniesteinke6624 2 ปีที่แล้ว +31

    Thanks for this up to date, informative vlog. My husband and I are considering visiting Lebanon and the videos I have been watching are from a year ago. Things have changed a lot since the beginning of 2021, and the situation in Lebanon seems to be ever changing .

    • @JasonBillamTravel
      @JasonBillamTravel  2 ปีที่แล้ว +9

      They’re ever changing for sure. Glad this video was useful for an up to date report.

    • @emptylittlelose1006
      @emptylittlelose1006 2 ปีที่แล้ว +1

      Since 2019 when government tried to take tax from whatsapp so people protested coz so expensive, since that life there changed

    • @moumensamad1588
      @moumensamad1588 2 ปีที่แล้ว +4

      You are welcome, just make sure to exchange ur money on the black market as mentioned and never use your bank card for payments

    • @bonniesteinke6624
      @bonniesteinke6624 2 ปีที่แล้ว +1

      @@moumensamad1588 thank you. I must admit I am a little apprehensive. I will also seek advice from some Lebanese people here in my community. They go back about 2 times a year with suitcases filled with medicine and other things for their relatives.

    • @Designer_TopG
      @Designer_TopG 2 ปีที่แล้ว

      @@JasonBillamTravel
      How do you make money on you tube , the ads ? Does it get any money monthly ?

  • @shukran3907
    @shukran3907 2 ปีที่แล้ว +11

    My grandparents just installed solar and now they don't need any goverment or generator power anymore. Alot of lebanese are doing this now.

  • @jackjack1104
    @jackjack1104 2 ปีที่แล้ว +40

    Well, to explain everything in a smooth way!!
    Before 17 Oct 2019, the official rate was 1$=1500lbp, there was no blackmarket rate. Everyone was living as a middle class or high class (lebanon was an upper intermediate income country compared to the world), only 10-15% of the country was in poverty. After the crisis and the hyperinflation (caused by some of the politicians economical strategies that were created on government debt in USD using bank depositors money in return of high interest “all this was to steal their money”… “long story”), the devaluation of the lebanese lira created this gap you’re talking about, and those who had foreign currencies in banks cannot anymore use them(in cash) which created a stuck bank dollar… the minimum wage was at 650,000lbp=430$ at official rate which was the lowest salary in lebanon, today that person is still having the same salary but at the unofficial rate which makes it a 95% less. As the imports form nearly 80% of the needs, foreign currencies are needed in order to pay the price, but the banks aren’t giving the dollars to the depositors and the importing companies, the demand has risen on the black market dollar which made this devaluation due to the high demand and low availability in cash. And as companies are providing services based on foreign imports, they had to follow the blackmarket rate to pursue and provide their services. In a simpler way, you buy with lbp at blackmarket rate the product, the company uses this rate to exchange the lbp to usd, then this usd is used to buy imported products, then these imports are sold again at the blackmarket rate with lbp in order to continue providing the service and so on … thats the loop which is now based on blackmarket rate and not on official one. As long as there is no foreign currencies backing up the supply and demand, the inflation will continue on the lbp in the blackmarket. Most lebanese earn their money on what used to be the old official rate, before 2019 there was no problem. But today the inflation made it hard on most. Thats why tourists or lebanese expats sees it as a cheap country, because the dollar has more value now than before because it is more in need. About the price in usd you see on the bill (credits card one, extremely high one), and as said previously, the lbp has risen a lot and the companies are obliged to provide the usd on the official rate and not on the blackmarket rate due to the tax system but this price has no meaning, just someone must be aware not use his card unless the credit card is in lebanese lira(lbp) and not in usd and specially from foreign banks. It is a very complicated situation which might take 20x more than this paragraph but i tried my best to explain it. Thank you!

    • @LoverOFhopeANDcompassion
      @LoverOFhopeANDcompassion 2 ปีที่แล้ว +1

      Im thinking of going there this oct/Nov. Is it safe to carry a thousand US$ or two? Any news of high robbery rates? How do you think this currency delimma will be resolved??

    • @bilzrb
      @bilzrb 2 ปีที่แล้ว

      @@LoverOFhopeANDcompassion that much money ain't safe it isn't about robbery rates instead its like an elon musk in Lebanon. And the currency dilemma will likely be resolved however at the minimum a decade or so as of a few weeks ago, there was an election for a new parliament. Most of the parliament are still the same corrupt people but there are a few new(not corrupt) ones

    • @salmanmasri
      @salmanmasri 2 ปีที่แล้ว

      @@LoverOFhopeANDcompassion yes you can it is safe but now the ministry of tourism announced pricing in USD rather than Lebanese pound from yesterday so thing will be expensive

    • @bi3azdb56
      @bi3azdb56 2 ปีที่แล้ว +1

      @@LoverOFhopeANDcompassion it's completely safe. No one will approach you to rob you

    • @alimoukadem7700
      @alimoukadem7700 2 ปีที่แล้ว

      @@salmanmasri no , its just to keep them safe against fluctuations, everything will remain the same

  • @ronaldmartin2304
    @ronaldmartin2304 2 ปีที่แล้ว +24

    How informative! I lived in Buenos Aires many years and there is a similar situation there with currency. The black market rate for one dollar is about double than the official one.

    • @JasonBillamTravel
      @JasonBillamTravel  2 ปีที่แล้ว +2

      I’ve heard about that - Turkey and other countries have also been suffering.

    • @hussainwarraich8139
      @hussainwarraich8139 2 ปีที่แล้ว +1

      It's all dollars monopoly! Didn't you how Russia gain against dollar in just 2 months! 😊

    • @hassansabra6420
      @hassansabra6420 2 ปีที่แล้ว

      @@hussainwarraich8139 well said, but how long, can ruble can stand against $$$, knowing that many countries turning use there own currency to exchange products??

    • @lagneuk702
      @lagneuk702 ปีที่แล้ว

      @@JasonBillamTravel I was just in Turkey a month ago, in September, great value for USD...but the locals definitely felt the pinch, and they were very grateful for tipping... a great country to visit, and maybe go back again...

  • @theaverageguytraveller7253
    @theaverageguytraveller7253 2 ปีที่แล้ว +52

    I just got back from Lebanon a couple weeks ago, insane trip but loved it. Got all my money on the black market. First day I got 1,600 lira for 1USD, my final day it was about 32,000 for 1USD. Loved the culture and food, amongst the best I’ve experienced

    • @JasonBillamTravel
      @JasonBillamTravel  2 ปีที่แล้ว +9

      Pretty crazy huh. Lovely country though (with friendly people considering the situation).

    • @shukran3907
      @shukran3907 2 ปีที่แล้ว +4

      I hope that you'll come back one day! There is just something special about it. Even tho I didn't grow up there, my heart will always be in Lebanon. 💛

    • @MauriceYou460
      @MauriceYou460 2 ปีที่แล้ว +2

      ah wow got mugged off then on your first day🤣

    • @raymollyraymolly722
      @raymollyraymolly722 2 ปีที่แล้ว +4

      @@MauriceYou460 Every time I go to Paris and london I get mugged.

    • @demonsparrow9594
      @demonsparrow9594 2 ปีที่แล้ว +1

      @@MauriceYou460 unless if on their first day the official rate was 1,600 then it wouldn't be considered mugged. the exchange rate keeps fluctuating it can increase/decrease 10k+ in 30 minutes.

  • @ea6398
    @ea6398 2 ปีที่แล้ว +18

    I was in Lebanon 6 months before the explosion 💥 and I had wonderful time ! This is hard to imagine what the government done to the country and the people! No matter if they Muslim or Christian they destroyed the country

    • @plasmapanasonic4741
      @plasmapanasonic4741 ปีที่แล้ว +1

      It was the Jews

    • @28Justchecking
      @28Justchecking ปีที่แล้ว

      @Plasma Panasonic jews has nothing to do in whats happening let's chill

  • @boldytiger
    @boldytiger 2 ปีที่แล้ว +5

    As a Lebanese living in this dump, most people live from transfers from relatives. And yes we only get government electricity about 2 hours a day. Water goes out everyday and gas is insane.

  • @rubenvaldes7392
    @rubenvaldes7392 2 ปีที่แล้ว +11

    Thank you for your insight. I'll be there in July. It's always been a bucket list country for me, however I feel greatly for the local community.

  • @hannahhannah1938
    @hannahhannah1938 2 ปีที่แล้ว +18

    Thank you Jason love Lebanon 🇱🇧 grande cuisine amazing culture lovely people hope everything will be better in the future for Lebanon
    Big thank you from Algeria 🌹🌹

    • @JasonBillamTravel
      @JasonBillamTravel  2 ปีที่แล้ว +2

      Shukran

    • @nabilaboumoussa5696
      @nabilaboumoussa5696 5 หลายเดือนก่อน

      Algerian people are also amazing and kind. I hope one day I can visit the lovely country of Algeria. Love you Algerians. ❤

  • @robinbedrosian
    @robinbedrosian 2 ปีที่แล้ว +4

    As a Canadian Armenian Lebanese I thank you for this ❤️

  • @KuroshMotamedi
    @KuroshMotamedi 2 ปีที่แล้ว +4

    I visited Lebanon 10 years ago, unfortunately didn't have good experience. Taxies, local restaurants, bars and basically every one charge tourists much much more than regular. Always felt dealing constantly with dishonest and corrupt people.

  • @lokmanhakim5760
    @lokmanhakim5760 2 ปีที่แล้ว +10

    Hello Jason! Welcome to our beautiful country. You said and showed something key on 14:28: "you can't actually survive on the official rate". To add on this, people working in the public sector (hundreds of thousands) still earn their salaries based on the 1500LL official rate (like earning 1,500,000LL which was $1000 3 years ago but now is $50). So for the latter, it's as if they literally paid $33 for their starbucks frappuccino drink! Hope this makes sense as an example of the hyperinflation that many Lebanese are suffering from.
    Cheers from Manchester, UK :)

  • @rtora4tora185
    @rtora4tora185 2 ปีที่แล้ว +4

    Jason thank you for a detailed break down of the currency of the lira and all smaller aspects of things I'm truly interested in visiting Lebanon in October your videos just makes it easier to plan

  • @BoydXplorer
    @BoydXplorer 2 ปีที่แล้ว +2

    Tnx4sharing How Expensive is Beirut, Lebanon from Black Market & Hyperinflation. You've explained it well. Full watched bro.

  • @FUMALZAP-wv4ib
    @FUMALZAP-wv4ib ปีที่แล้ว +1

    By visiting Lebanon, it has become more beautiful. Thank you

  • @enavigatorE
    @enavigatorE 2 ปีที่แล้ว +1

    Sri Lanka is getting there, but people here don’t understand the severity of the problem!

  • @mitchM730
    @mitchM730 2 ปีที่แล้ว +15

    Lovely video about my country. However, I would like to correct you on how electricity works in Lebanon. EDL (Electricity du Liban) is actually owned by the gov; same as ALFA and Touch for telecommunication. You might think they re private companies, but in reality, they re not. More so, EDL isn't able to provide 24/7 electricity since forever, hence why we resort to private generators which make up for the lack.

    • @JasonBillamTravel
      @JasonBillamTravel  2 ปีที่แล้ว +1

      Thanks for clearing that up!

    • @demonsparrow9594
      @demonsparrow9594 2 ปีที่แล้ว +1

      @@JasonBillamTravel the private generators are also owned by politicians, and also me now watching this video while u say alfa and touch prices are still cheap, while few days ago news saying the prices will become based on black market rate..

    • @jasonbowman7190
      @jasonbowman7190 2 ปีที่แล้ว

      Any publicly traded companies to invest in that ate still trading at a discount? Also are things getting better, I hear it will take some time still. What are the biggest publicly trading companies 🤔

  • @cz.travelmaster
    @cz.travelmaster ปีที่แล้ว +2

    This video was very helpful, thank you :) Visiting Lebanon is somewhat my dream, after visiting a few other countries in the Middle East. Anyway due to the current crisis I was a bit hesitant as I was not really sure how it would work out financially, but now I see that's really not something to worry about.

  • @joeblackwolf17
    @joeblackwolf17 2 ปีที่แล้ว +2

    Wow I am going there in a month and was looking for someone to film how things are now … been 3 years since last time I went back. Thank you for sharing this is great for all travellers thinking of going to Lebanon

    • @hassansabra6420
      @hassansabra6420 2 ปีที่แล้ว

      That's Lebanon, in the middle of crisis, hyperinflation, he can stand up alone, and every single country in the world love Lebanon
      #live_summer#Lebanon-2022

  • @AbuSous2000PR
    @AbuSous2000PR 2 ปีที่แล้ว +1

    excellent report.. i really appreciate it
    this is exactly what i wanted
    we unblemished news from the ground
    cheers from Palestine

  • @divizionx
    @divizionx 2 ปีที่แล้ว +4

    Stay strong Lebanon ❤️

  • @jcam783
    @jcam783 2 ปีที่แล้ว +2

    Would love to visit Lebanon . Great video and tips .

  • @elisabti8370
    @elisabti8370 2 ปีที่แล้ว +2

    Very beautiful place to See. Amazing video information and special photography. Thank you for Sharing.

  • @draak777
    @draak777 2 ปีที่แล้ว +2

    Thank you so much for the excellent videos about Lebanon. And also about the currencies and the black-market extremely informative. I’ve booked my trip to Beirut on 1 September we gonna stay there for six nights. And thanks again for the information

  • @nabilaboumoussa5696
    @nabilaboumoussa5696 5 หลายเดือนก่อน

    @JasonBillam Travel I Love the way you depicted Lebanon my country. I had an American friend back in 2017 and I tried as much as I could to show him the best of Lebanon. Things were different back then but I still love to show the best of the country for everyone.
    I hope next time you come to Lebanon to meet you in person and show you some interresting places other than the big cities you visited.
    Love and respect for you my dear Jason.
    Hope you make a come back once again in the near future.
    Be safe man.

  • @BilalHoss
    @BilalHoss 2 ปีที่แล้ว +1

    hey man
    you choose the worse looking street to begin your video on Beirut!!!
    Lebanon really a nice location to visit, especially when you exchange in the black market, there are so so so many amazing location to check out.
    do a video showing ppl site locations and how cheap they are comparing it with other countries
    have a good one mate

  • @metiselaonoja9676
    @metiselaonoja9676 2 ปีที่แล้ว +2

    Greetings from Lebanon,am currently in Lebanon now, everything u said about the currency is absolutely correct, things are really expensive now, people are really breaking homes to steal because lots of people can afford anything to eat right now,we just hope this Election will help get a better and good Government,I guess where u are heading to now will Be either Cyprus or Itally because those countries are close to Lebanon,I love ur video , very nice and well published

  • @Bobsacamano246
    @Bobsacamano246 2 ปีที่แล้ว +4

    Nice video mate, I've been 3 times in the past (Australian with a lebanese background) very sad to see what's happening but this video Is a must watch if you plan on going there

  • @campari4467
    @campari4467 2 ปีที่แล้ว +6

    If it's 40 minutes flight from Beirut that would have to be lanarca, Cyprus 🇨🇾

  • @georgechahine6997
    @georgechahine6997 2 ปีที่แล้ว +2

    Electricity is not controlled by private companies. The state provides about 1 to 2 hours per day after the system completely crumbled. The rest is provided by private owners of generators. Each neighborhood has one or two private owners who supply power at extortionist prices. Corruption runs very deep, as the owners of the generators are in bed with the political class so there's no incentive to change the system.
    Thank you for your videos Jason. Another great one!

    • @JasonBillamTravel
      @JasonBillamTravel  2 ปีที่แล้ว +1

      Appreciate that. I was going on what I'd been told but obviously it's a bit more complicated.

  • @ArjenDijksman
    @ArjenDijksman 2 ปีที่แล้ว +6

    I arrived in Lebanon the day after you left, so your videos from Beirut, Byblos, Tripoli and Baalbeck were very welcome. On the second day, I was sent to the same Alfa store as you went to. They advertised their prices in dollars, which were insane ($10 for 0.5 Gb, $23 for 5Gb...), but paying it with Lebanese pounds, and reconverting it at the black market rate, it cost me about $1 for 5Gb. While it took the lady who helped me about 30 min to do all the administration and activate the line... Crazy!

  • @Camilo-zy8rt
    @Camilo-zy8rt 2 ปีที่แล้ว +1

    I am colombian, but muy grandfather was lebanese (my lastname is Adaime). It Is really sad what Is happening with Lebanon :( . Lebanon is my second homeland for me

    • @d43784
      @d43784 ปีที่แล้ว

      Where in Colombia are you from?

  • @TheSwede70
    @TheSwede70 2 ปีที่แล้ว

    Thank you so much for this video. One of few youtubers that has valuable information for travellers.

  • @brownguy9396
    @brownguy9396 ปีที่แล้ว

    Huge thanks for the detailed informations . First 4 mints of the video makes you special. Non other bloggers explain this things. Thank you so much. Keep it up. It was very helpful

  • @Sara-yq8pn
    @Sara-yq8pn ปีที่แล้ว +1

    hey, how do we access the black market in lebanon? where do you find them there?

  • @silcosilva
    @silcosilva 2 ปีที่แล้ว +7

    just as you spoke about the expensive fuel cost, a blue Lamborghini casually sits in the background at around 9:53...

    • @campari4467
      @campari4467 2 ปีที่แล้ว +5

      Lebanon. The elites. The poor.

    • @living_peace
      @living_peace 2 ปีที่แล้ว +2

      I think they get money from the abroad As far as I know many of Lebanese living in abroad more than their own country

    • @JasonBillamTravel
      @JasonBillamTravel  2 ปีที่แล้ว

      Pretty wild

  • @kikomda
    @kikomda 2 ปีที่แล้ว +1

    9:52 like how you talk about expensive feul prices while an aventador is chilling behind you

  • @HusseinKefel
    @HusseinKefel 2 ปีที่แล้ว +1

    Hi Jason, thank you for the tour guide it was interesting and pleasant to watch

  • @jeremyccarter
    @jeremyccarter ปีที่แล้ว

    Watching this in Aug 2023-current black market rate $1 USD=89,400 LBP. It’s so sad for locals.

  • @dlw3747
    @dlw3747 2 ปีที่แล้ว +1

    Billam,I really like vlogs that reflects the local social and economic landscape. Thank you.

  • @TOPTRAVELVLOG
    @TOPTRAVELVLOG 2 ปีที่แล้ว +2

    Wonderful video. Nice creation.
    Great work friend.

  • @ameljb7343
    @ameljb7343 ปีที่แล้ว

    From Tunisia thank you for this video i realy need it for my knowledge

  • @kabbabrema2866
    @kabbabrema2866 ปีที่แล้ว

    Jason, the “black” market is now called the “parallel” market

  • @EmirKim
    @EmirKim 2 ปีที่แล้ว +2

    Very informative video with good information. 👍🏼👍🏼👍🏼

  • @phoenicianbird109
    @phoenicianbird109 2 ปีที่แล้ว +1

    ... Thank you for this great video... Please make allot of videos about lebanon

  • @tiianieminen2381
    @tiianieminen2381 ปีที่แล้ว

    good and realistic video, so this is how the people there get by.

  • @hassansabra6420
    @hassansabra6420 2 ปีที่แล้ว

    I am from Beirut, and as a Lebanese, many thing has changed after the revolution "if we can say", specially the pricing of all thd products in the market, like Starbucks, the u bought it for approx 2$, it was 8$ or more, regarding the cinema, those tickets was for 10$ for stander and 15$ for IMAX, now it's for 3$ and 4$, they stole us, for many years, now every thing came back to normal, but the difference is, the purchase power has decreased, due to DOE, and many more...

  • @aminaandtully6196
    @aminaandtully6196 ปีที่แล้ว

    THANKS FOR THIS INFORMATION. I WAS PLANNING TO USE ONLY DOLLARS BEFORE. NOW I KNOW BETTER I WILL CHANGE MY DOLLAR TO THE LOCAL.

  • @levinawalsh2015
    @levinawalsh2015 2 ปีที่แล้ว +1

    Very important information. Cheers Jason.☘✌.

  • @jamiet2602
    @jamiet2602 2 ปีที่แล้ว

    Interesting video, smashing it as always keep it up buddy!

  • @TIG2MAN0
    @TIG2MAN0 8 หลายเดือนก่อน

    I was there about 1 year ago 45min west of beirut in the mountains and it was about 1usd to 42,000 lebanon. I heard last summer it was 1usd to like 100k or 200k lebanese. When I was there I went down a back alley, there was a guy in a small shop changing out money lol. I loved it there, Im thinking of moving there. But its very different there not like America. You really have to have your head on. Its an adventure.

  • @robertyoung7062
    @robertyoung7062 2 ปีที่แล้ว +1

    Very informative.

  • @4kkenyantraveller636
    @4kkenyantraveller636 2 ปีที่แล้ว +6

    Hey Jason i see your doing well in Beruit I love your work, showing us different countries...

  • @kaifahdsm827
    @kaifahdsm827 ปีที่แล้ว +1

    Thanks for the vlog and tips. I am wandering how to survive the first day of arrival to get around with the official rate before getting hold of the unofficial rate

  • @gabriellefata4800
    @gabriellefata4800 2 ปีที่แล้ว

    21:40 hindbeh it’s sautéed dandelion with carmalized onion, lemon, and sometimes garlic

  • @shukran3907
    @shukran3907 2 ปีที่แล้ว +4

    I swear I love Beirut and its unique look 💛

  • @basheerbasheeri3503
    @basheerbasheeri3503 2 ปีที่แล้ว +3

    Good video. I'm from Lebanon but I have been living abroad most of my life. Sad to learn about what's happening in Lebanon but the people are resilient. Things will be better in the future.

    • @lagneuk702
      @lagneuk702 ปีที่แล้ว

      Not under the Great Reset...everyone will be screwed...Welcome to the JWO...

  • @charles6705
    @charles6705 ปีที่แล้ว

    Great video! I lived in Venezuela 2000 to 2005 it was exactly the same thing with the economy.

  • @montresian
    @montresian ปีที่แล้ว

    The same situation is happening in Cuba😮 you need to change in the black market to survive the time you go to spend in the country !

  • @lagneuk702
    @lagneuk702 ปีที่แล้ว +1

    The rate today October 18 is 40K Lira...I'm thinking about a December visit...in your opinion has the inflation caused too much crime and safety issues? Thank you...

  • @samalik8635
    @samalik8635 2 ปีที่แล้ว

    Thx for this much informative vlog regarding finances involve for touring such a country like Beirut.
    Nice work bro
    Cheers

  • @jakhaughton1800
    @jakhaughton1800 ปีที่แล้ว

    When I lived in Beirut there was a rate of 8 Lira to the £. What a mess the country has got into. But knowing the Lebanese they will overcome.

  • @rabih.yaakoub1
    @rabih.yaakoub1 2 ปีที่แล้ว +2

    ⚠️ you got on the roof of poor suberb and you tell this is ""beirut the capital "" !!
    Why lies?
    The capital is near the sea where one apartment cost (5 million dollar man ! )
    Also we have 1000 wonderful places that look like heaven in lebanon !

  • @Ismailabousaad
    @Ismailabousaad 2 ปีที่แล้ว

    The whole world is collapsed but we came in first place hope you enjoyed to come back again and who planning to visit Lebanon watch the video and get tour guy to save time and much exploring 😊

  • @Shawarmagri1
    @Shawarmagri1 2 ปีที่แล้ว +2

    The people in Lebanon can’t really afford now but if you’re coming from another country like the UK 🇬🇧 or the US 🇺🇸 for example you would be alright

  • @robertyoung7062
    @robertyoung7062 2 ปีที่แล้ว

    So very well done. Gives me excellent practical knowledge.

  • @lizacarlson605
    @lizacarlson605 2 ปีที่แล้ว

    one of the nicest people and they dont deserve this :(

  • @itslike123
    @itslike123 2 ปีที่แล้ว

    The price you are seeing now is in black market rate. Those prices will change daily or weekly . You can't divide it by 1500 to find the original price. The base currency is now the US dollar. As it go up and down in comparison to the Lira all the price tags change

  • @marcoschavez1028
    @marcoschavez1028 2 ปีที่แล้ว

    Thank you for the information. I'm glad to know USD goes a long way

  • @alejandrojosegonzalez9214
    @alejandrojosegonzalez9214 2 ปีที่แล้ว

    Thank you for all the information ℹ️ excellent job

  • @missloulou-5312
    @missloulou-5312 2 ปีที่แล้ว +1

    Welcome to Lebanon 🇱🇧 handsome

  • @walkgreece
    @walkgreece 2 ปีที่แล้ว

    Fantastic Video 👍👍👍👍❤️😊

  • @OliverStapley
    @OliverStapley 2 ปีที่แล้ว +3

    Looking to visit Lebanon in October, looks amazing can’t wait! Thanks for the tips around taking USD, have you got an idea of a daily spending budget? I’ll be staying in hostels that look around £10 a night. Plan to be in Lebanon for 8 nights. Thanks for any help I get in advance!

  • @alcyrona28
    @alcyrona28 2 ปีที่แล้ว +1

    Can you explain what is the difference of black market rate to official rate? Who charges official rate and who charges black market rate? Are most establishments using black market rate as mode of payment?

  • @mok8591
    @mok8591 ปีที่แล้ว

    Thank goodness for your information.
    How did you get around?

  • @koroushmasoumi5240
    @koroushmasoumi5240 2 ปีที่แล้ว

    Thank you so much for all information I will go to Lebanon it’s very good 🇨🇦🇨🇦🙏🏻🌹❤️🇺🇸🌸🌷

  • @eliasbeik7852
    @eliasbeik7852 2 ปีที่แล้ว

    Very informative Videos. Interesting 🧐

  • @MustafaJAli-ur3xd
    @MustafaJAli-ur3xd 2 ปีที่แล้ว +1

    I guess you are now in Italy
    Exactly in Palermo Barrique Guest House 😎

  • @marounchidiac5520
    @marounchidiac5520 2 ปีที่แล้ว +1

    For you it's cheap but for us it's expensive

  • @Marlon_Torres
    @Marlon_Torres 2 ปีที่แล้ว

    Wow $33 USD for a Starbucks Frap! That goodness for the black market! Thanks for sharing!

    • @salmanmasri
      @salmanmasri 2 ปีที่แล้ว

      Today the changed the prices it’s 4$ cash dollars or 60$

    • @danrook5757
      @danrook5757 ปีที่แล้ว

      Almost same price as ny city

  • @VERONAcd
    @VERONAcd 2 ปีที่แล้ว

    Love you so much ! Thank you

  • @chockalingamalagappan1693
    @chockalingamalagappan1693 2 ปีที่แล้ว +2

    This economic situation is almost same everywhere . difference between have and have not , inflation etc are increasing

  • @thunder881
    @thunder881 2 ปีที่แล้ว +1

    I'm seeing more luxury cars (range rovers, mercs, that blue lambo) than in my country in Europe.
    Are there still lot of wealthy people in beirut?

  • @Blue1Sapphire
    @Blue1Sapphire 2 ปีที่แล้ว

    Well presented .. . Congrats.

  • @N3z4M
    @N3z4M 2 ปีที่แล้ว

    The music at 20:00 is amazing!!

  • @19bendunk
    @19bendunk 2 ปีที่แล้ว

    My dad also celebrate 70 birthday man 😁. Safe travels my lad

  • @wanderingwithnoor
    @wanderingwithnoor 2 ปีที่แล้ว

    Hey Jason video is informative 👍 Lebanon's
    Thanks a lot for showing us bro

  • @nxmbpogg
    @nxmbpogg 2 ปีที่แล้ว

    After the aug 4 explosion our lives tumbled down. The currency has been increasing dramatically and things are getting much expensive even if the dollar rate goes down the prices will stay the same

  • @dimabodnja1747
    @dimabodnja1747 2 ปีที่แล้ว +1

    ending of video looks like Southern Italy, but not like Palermo, quite poor in colours or it is outside of historic center, more like Puglia region (somewhere in Bari)

  • @tozzfeekon
    @tozzfeekon 2 ปีที่แล้ว +1

    there is no official exchange rate in lebanon since the constitution emphasizes free economy. Hence there is no such thing called black market, the proper name is parallel market.

  • @frederickbouari2625
    @frederickbouari2625 2 ปีที่แล้ว +1

    I lived in Lebanon from 95-2001.. golden years. Been back a few times as well. Thinking of taking my wife and kid in September .. thoughts?

    • @hassansabra6420
      @hassansabra6420 2 ปีที่แล้ว

      Yeah bring them, and enjoy your summer

  • @narrowpath2980
    @narrowpath2980 ปีที่แล้ว

    Exchange rate is brilliant 🤑

  • @minadnader
    @minadnader 2 ปีที่แล้ว +1

    This is not Beirut, this is outskirt/suburbs of Beirut. You've been overcharged for the kaake...

  • @sarahlevant_
    @sarahlevant_ 2 ปีที่แล้ว

    I hope you tip!!! Very important in Lebanon!!!

  • @perlachalhoub7293
    @perlachalhoub7293 2 ปีที่แล้ว

    By the time he said "it will probably change" the dollar changed for real🤣

  • @supershah8111
    @supershah8111 ปีที่แล้ว

    Hey Jason, Excellent information, where can find black market to change my British pound? Please help me ❤️

  • @matheobechelly8180
    @matheobechelly8180 2 ปีที่แล้ว

    Starting from July 1, the internet cost will increase to reach approximately the price of the black market