Don’t miss the latest developments in business and finance.

In Lebanon, migrant workers hit by financial crisis

Image
AFP Beirut
Last Updated : Feb 27 2020 | 8:30 PM IST

Eighteen-year-old domestic worker Mary came to Lebanon to help support her family, but now a financial crisis is preventing her from sending money home to Ethiopia.

A crippling liquidity crunch in the Mediterranean country has drastically limited access to dollars, and tens of thousands of migrant workers toiling for remittances in the hard currency are suffering the backlash.

On a recent Sunday, Mary strolled down a bustling street in the capital Beirut with her girlfriends, dressed in an elegant outfit of skirt, jacket and ballerinas for her day off.

"I used to earn 400 dollars...but today I get my salary in Lebanese pounds," she said. "I can't send money to Ethiopia anymore."

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Feb 27 2020 | 8:30 PM IST

Next Story