Financial pains eased
by holidays remittances

AP

Lebanon will receive roughly $6.8 billion in remittances this year, up from almost $6.4 billion in 2021, as they continue to be a core component of the country’s shrinking and battered economy. The World Bank estimates they are worth almost 38% of the country’s gross domestic product.

Apart from the remittances sent from abroad, many of the diaspora return during the holiday season, bringing with them much-needed cash dollars. FULL STORY