الإثنين, أبريل 27, 2026
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Home Oman News

Skiing in Lebanon too steep for most with currency in freefall

22 فبراير، 2022
in Oman News
Skiing in Lebanon too steep for most with currency in freefall

BEIRUT: Skiing in Lebanon has long been a luxury for the well-off, but the eastern Mediterranean country’s financial meltdown has thrown most people into poverty and made taking to the slopes even more exclusive.

The Lebanese pound has lost more than 90 per cent of its value since 2019.

“Skiing is a hobby for the dollar class, not for us,” said Mohammad Atwi on a recent visit to the mountains. “We came here to sit and have shisha. The most we spend is 200,000 pounds ($10).”

Prices for ski passes at the Mzaar ski resort, which boasts panoramic views over the Mediterranean, are listed in dollars in a country where the vast majority earn in pounds.

An all-day pass runs at $35 on weekdays and $50 at weekends, according to a website listing prices. That equates to between 700,000 and a million pounds — more than the current monthly minimum wage and a sizeable chunk of an average salary.

Lebanon is mired in its worst crisis since the 1975-90 civil war, with banks imposing tight restrictions on how much cash savers can withdraw, forcing even those with money to think more carefully before they spend.

— Reuters

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