Lebanese public sector pay cut in half ...Saudi Arabia

Thu, 2023-03-30 21:59 BEIRUT: Military pensioners and angry public sector workers held demonstrations on Thursday after being told that their already eroded pay had effectively been cut in half overnight. The cut will take effect in April when the government calculates salaries using an exchange rate of one US dollar to 90,000 Lebanese pounds, double the rate used in February. The black-market rate, which many shops use, is now more than 100,000 pounds to the dollar. Four years ago, it was closer to 2,000.Main category: Middle-East

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Lebanese public sector pay cut in half ...Saudi Arabia

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