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Economists: Lifting subsidies will cause hyperinflation and further devaluation of pound

Osama Habib- Completely lifting subsidies on all commodities coupled with the expected $400 cash withdrawals from the banks will trigger unprecedented hyperinflation and sharp devaluation of the Lebanese pound if the government fails to come up with an alternative plan to cushion the initial shock.This was the general impression of most economists and bankers who were interviewed by The Daily Star
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