The government has sought to control the black market exchange, where changing money on better terms than the official rate can feel like buying drugs, requiring quick meetings in alleyways with money-changers who use fake names and fear arrest.
The effects of the crisis on the country’s poor have been acute, as was made clear by four recent suicides in one two-day period, all linked to the economic crisis. A man who shot himself on one of Beirut’s best-known boulevards left behind a handwritten sign reading “I am not an infidel,” a line from a well-known song whose next lyric is “but hunger is an infidel.”
Membership of a Facebook group called Lebanon Barters has swelled, its members offering everything from poker chips to hookahs in exchange for food. Their posts read like tragic poetry.
“New weights, never used, to trade for a package of diapers, size 6, and a bottle of oil,” read a post with a photo of dumbbells still in the box. “People need them.”
Another post featured a lime-green dress that Fatima al-Hussein, a mother of six from northern Lebanon, had bought as a gift for her daughter. She was looking to trade it for sugar, milk and detergent.
In a phone interview, Ms. al-Hussein said her husband makes 200,000 Lebanese pounds per week as a manual laborer, an amount that used to be worth $130.
Now it is worth less than $30, leaving her family struggling to afford essentials.
She said she decided to trade the dress after she had to start feeding her children bread dipped in water. But so far, she had found no takers.