The Imperialist war on Syria that started in 2012, not only destroyed the country, but also destroyed the currencies of Syria and Lebanon. When I arrived in Beirut two years ago, the Syrian Lira had already crashed from 40/$ in 2010, to 400/$ in 2018; a loss of 1000% of value. The LBP was at 1500/$.
By January this year, things started deteriorating even more rapidly. The SYP has now reached 3200/$, and the LBP is valued at 4500/$. Caesar ACT that was just passed by the Congress is staring to have devastating consequences for all the civilians here, of course with the help of the collaborating financial elite of Lebanon.
Something is going to give at any moment here, either the resistance axis boldly pushes towards an economic integration of their markets, or the Empire will get its way and the hungry will eat those who are resisting the Empire.