Nationwide Protests Erupt In Lebanon As Local Currency Hits New Low

Nationwide Protests Erupt In Lebanon As Local Currency Hits New Low

BEIRUT, Mar 3 (NNN-NNA) – Protests erupted yesterday across Lebanon, against the unprecedented collapse of the currency, which slipped to a new low of 10,000 Lebanese pounds per one U.S. dollar.

Protests were held in the capital Beirut and other major cities, including Tripoli and Sidon, as well as, some villages and towns, in southern Lebanon, local media reports, said.

The protesters blocked some of the roads and highways, set tires on fire, and chanted slogans calling for the formation of a government, capable of introducing reforms, to save the country from further collapse.

Some angry protesters, in the eastern town of Chtoura, forced local currency exchange dealers to close their shops.

Due to the continued political instability and raging COVID-19 pandemic, Lebanon has been suffering from an economic crisis, as demonstrated by a sharp decline in the price of the Lebanese pound, and a remarkable increase in poverty and unemployment.– NNN-NNA

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