Lebanon to hike import tariffs for second time in three months ...Kuwait

Lebanon will triple the tariffs it charges on imports in local currency, according to copies of government decisions seen by Reuters on Tuesday, as the state seeks to boost its revenues amid a worsening economic crisis. Caretaker finance minister Youssef Khalil requested to change the rate at which customs fees are calculated from 15,000 pounds per U.S. dollar to 45,000 pounds, according to correspondence seen by Reuters. Cabinet responded with a letter saying it had no objections given the move would "secure additional revenues to help revive the public sector". Lebanon's local currency has lost more than 98% of its value since its economic collapse began in 2019, tr

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Lebanon to hike import tariffs for second time in three months ...Kuwait

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