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FinancialNews


  • 04-12-19

    Dollar crisis in Lebanon causes decrease in activities of travel agencies

    (MENAFN) According to local media, travel agencies' activities have decreased by 90 percent because of the dollar crisis in the country, as said on Tuesday by Jean Abboud, head of the syndicate of travel agencies owners in Lebanon.


    Abboud said that, a lot of families will "suffer from the layoff of hundreds of employees in the sector."


    Abboud's comments came through his gathering with Caretaker Minister of Economy Mansour Bteish in Beirut.


    Abboud informed that travel agencies get paid in Lebanese pound while they have to pay airlines businesses in USD.

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