It has been reported that most of the pharmacies in Lebanon have decided to “forced closure” as of this morning as the medicines are completely exhausted.
In a written statement from the Pharmacy Owners Association, it was stated that pharmacies have decided to close since this morning due to the shortage of drugs.
The statement noted:
“Pharmacy owners have tried their best to supply medicines to patients since the beginning of the crisis, but most of the pharmacies have reached the stage of exhaustion. In response to this sad situation, we decided to close until the Ministry of Health made an agreement with the Importers’ Union to deliver medicines to pharmacies.”
In Lebanon, which is in economic crisis, pharmacies, which could not obtain sufficient amount of medicine from distribution companies, went on strike a while ago.
The Lebanese Pharmaceutical Importers and Pharmaceutical Warehouses Union warned on July 4 that pharmaceutical stocks might run out as a result of the suspension of imports for more than a month due to the foreign exchange liquidity problem.
In a written statement on July 5, Central Bank President Riyad Salame announced that they would pay the loans and invoices from banks related to the pharmaceutical industry in line with the priorities determined by the Ministry of Health.
THE ECONOMIC CRISIS IN LEBANON
Lebanese economy, which has a very fragile structure in terms of political divisions based on different religions and sects, is experiencing the biggest crisis since the civil war of 1975-1990.
The local currency, the Lebanese lira, is trading at different prices with great depreciation in banks and on the black market, even though the Central Bank keeps the rate constant.
The crisis continues to hit different sectors with each passing day, as sectarian political groups cannot agree to replace Hassan Diyab’s government, which has resigned for nearly a year.
The reserves of the Central Bank, which has been subsidizing basic needs products, especially pharmaceuticals, fuel and food, for more than a year, are also decreasing day by day.