Lebanon’s flag carrier, Middle East Airlines says it will accept payments only in U.S dollars starting Monday.
From Monday, Middle East (Airlines) and other airline companies operating in Lebanon will only accept payments in US dollars,” the official National News Agency (NNA) reported on Sunday.
The airline, 99% owned by Lebanon’s central bank will accept payments made by any credit card or bank check as long as the “transaction is made in foreign currency,”
The decision was made because the country is facing its worst economic and political crisis in decades, following months of protests that forced the previous government to resign.
According to Bloomberg, the International reserves of the country can only finance external needs until March 2021 before being depleted.
Middle East Airlines was founded on 31 May 1945, operates a fleet of 20 aircraft and employs around 5000 staff.