16 This glossary is going to talk about the actual effects that the US dollar rate in Lebanon has crashed the economy. terms
For almost 2 years now the economic situation in Lebanon has been critical for its population. The rates 3 years ago was equivalent to the rate's set to establish expenses worldwide. 1 American dollar was equal to 1 500 Lebanese pounds. Nowadays, 1 dollar is equivalent to 30 000 Lebanese pounds.
Accountant
Noun
The term accountant refers to a professional who performs accounting functions such as account analysis, auditing, or financial statement analysis.
Example: Accountants in Lebanon are In high demand because they are the judges to whether you are financially good to keep going or if you should stop before loosing all your money.
fr: Comptable
Bank
Noun
A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes.
Example: Banks are closed all over Lebanon because government took loans from banks to pay for their expenses at the cost of every one's assets that was initially placed at banks.
fr: Banque
Basic living needs
Noun & Noun & Verb
A term used by the International Labour Organization (ILO) and other United Nations agencies for the basic goods and services (food, shelter, clothing, sanitation, education, etc.) necessary for a minimum standard of living.
Example: The basic living needs are not optional and should be offered at a price the population can afford. In Lebanon those needs are not accessible to all the population and have to be handed from person to person. For example, a house that could fit 4 people now fits 7 or 8, milk is now giving for the kids by breastfeeding from a mom that should have stopped breastfeeding her babies 2 months ago. I went to Lebanon 6 months ago, and I saw kids wearing small clothes because they can't buy new ones so basically what they do is wear clothes that are passed down from their siblings.
fr: Besoin vitaux de bases
Business
Noun
The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or they can be non-profit organizations that operate to fulfill a charitable mission or further a social cause.
Example: Businesses are really suffering because they are not being funded by the population anymore. In 2020 more than 21% of businesses have closed their doors.
fr: Entreprise
Business manager
Noun
A business manager is a supervisor who leads and oversees an organization or a department's employees and operations. They work to ensure the company remains productive, efficient and organized at all times by implementing operational strategies, conducting performance reviews and overseeing all day-to-day activities.
Example: Business managers flew from all over the world according to an article from "LapressFrancaise" to help suffering businesses and help them get back on their feet.
fr: Gestionnaire
Currency
Noun
a system of money in general use in a particular country.
Example: The only currency that you can buy things with, is physical money because since the banks are closed credit and debit cards are not accepted all over Lebanon.
fr: Monnaie
Discount
Noun
a reduction made from the gross (see gross entry 1 sense 3b) amount or value of something
Example: For people like us going to Lebanon is like living at a discount price. Clubs are in Lebanese pound, so it's basically $5 for us people who have US dollars.
fr: Rabais
Economic situation
Adjective & Noun
Definition: The complex of elements which, in a given period, characterize the condition or state of a country or region's ability to produce goods, services and other resources with exchange value.
Example: Salaries in Lebanon have not changed and won't per on the actual government laws. An employee for the police in Lebanon was paid approximately 1 million Lebanese pounds with meant 1 500 US dollars. What changed is the expenses prices as bread, milk for kids and rent. This change has cost families their homes and their health. Usually bread costs 1 500 Lebanese pounds but because of the drastic augmentation of the dollar rate in Lebanon the bread cost have gone up to 23 000 Lebanese pounds. The rents have now doubled. Milk for babies is now priced at 140 000 Lebanese pounds. Keep in mind that an employee earns around 1 500 000 Lebanese pounds per month witch is equivalent to 50 US dollars.
fr: Situation Économique
Exchange office
Noun
A place where you can exchange foreign currency, but that does not provide any other banking services.
Example: Exchange offices are beginning to be more in demand in Lebanon because it's the only way to get or change US dollars.
fr: Bureau de Change
Government
Noun
The government is the organization, machinery, or agency through which a political unit exercises authority and performs functions and which is usually classified according to the distribution of power within it.
Example: The government in Lebanon has not been any help to its population. It has been 2 years and all the government is doing is profiting financially from the situation of its population witch is AWFUL!
fr: Gouvernement
Investing
Noun
expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.
Example: People from outside Lebanon are investing as much as they can in this country because when Lebanon gets back on its feet they are expecting house prices to triple.
fr: Investir
Money
Noun
Money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.
Example: Money is not the main problem in Lebanon. The Lebanese population should focus on the change that they can create and the opportunities that are bestowed to them by the right to change the government.
fr: Argent
Prime Minister
Noun
he head of an elected government.
Example: The prime minister of Lebanon has forfeited his place because he didn't like the way the government was dealing with the situation. This act only aggravated things.
fr: Premier Ministre
Student
Noun
a person who is studying at a school or college
Example: Students in Lebanon are now dropping out to go work and help their families financially.
fr: Élève
Terrorism
Noun
terrorism, the calculated use of violence to create a general climate of fear in a population and thereby to bring about a particular political objective. Terrorism has been practiced by political organizations with both rightist and leftist objectives, by nationalistic and religious groups, by revolutionaries, and even by state institutions such as armies, intelligence services, and police.
Example: Terrorism has played a huge part in the crash of Lebanon economic situation. In 2019 a huge terrorism attack orchestrated by the Lebanese government has affected all the Lebanese population. An explosion at the Beirut port has made the news all over the world and people were more than shook by the situation.
fr: Terrorisme
Way of life
Phrase
he typical pattern of behavior of a person or group.
Example: The way of life of the Lebanese people have changed as you guessed by now. It has become impossible to live if you don't have financial support from a friend or a member of your family from outside Lebanon.
