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Economists’ estimates confirm that Lebanese households have become “mini-banks” with more than three billion dollars, after they lost confidence in the banking system that stole their money. Therefore, the “trade” in iron safes, the demand for which increased by more than 40%, has flourished with the onset of the economic crisis. However, with the deepening crisis and rising poverty rates, often accompanied by an increase in robberies and petty crimes, iron alone is no longer enough to reassure people. Today, many are looking for more secure means, as indicated by the massive growth in demand for alarms, surveillance cameras and even private security companies.
World Bank estimates confirm that poverty rates in Lebanon will rise to 45% of the population (3 million, including 1.7 million in 2020), and that extreme poverty rates will rise to 22% (1.5 million, including 685,000 in 2020). While a study by the United Nations Economic and Social Commission for Western Asia (ESCWA) warned, at the end of last August, that “half of the population may not be able to meet their food needs by the end of 2020.” These, and other economic and social indicators, indicate that we are on the brink of an exceptional wave of robberies, called the “fight for survival.” This is evident with the proliferation of robbery news targeting everything from cash to “sacks” of onion and “heads” of goat.
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Source: News