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Lebanon adopts 'dollarization' as currency, economy crumble

Store displays advertising in Arabic that reads "Italian clothes and shoes for 9.99 $" in Beirut, Lebanon, Wednesday, March 1, 2023. Lebanon started pricing consumer goods in U.S. dollars Wednesday as the value of the Lebanese pound hit new lows. [AP]

When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon's civil war, he didn't expect it to thrive. But several years later, he had shelves full of food and needed 12 employees to help him manage a bustling business.

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