Several injured in Lebanon protests over currency crash Middle East News


Dozens of angry Lebanese took to the streets to denounce the depreciation of the pound and the “difficult living conditions”.

Several protesters were injured on Saturday in the northern Lebanese city of Tripoli in protests amid tensions over the government’s decision to further reduce the value of the falling currency.

The pound has been pegged to the $ 1,507 dollar since 1997, but in the country worst economic crisis in decades it has seen its unofficial value plummet.

On Saturday, the changers told AFP news agency that it was trading between 17,300-17,500 on the black market green dollar, while some social media users said it had dropped to 18,000.

Dozens of angry Lebanese took to the streets of Tripoli to denounce the depreciation and “difficult living conditions,” the National News Agency (NNA) reported.

Some protesters managed to open the doors of a central bank branch and enter the courtyard, the agency added, but the army prevented them from reaching the building.

According to local media reports, five protesters and two Lebanese soldiers were injured in the clashes.

Protesters also set fire to the entrance of a government office, an AFP correspondent said.

Young Lebanese burn tires to block a main road in the Jal el-Dib area, east of the capital Beirut, while protesting against the country’s deplorable living conditions [AFP]

Others were seen trying to force their way into the home of two politicians, but were arrested by security forces.

In the southern city of Sidon, protesters tried to attack another central bank branch to be pushed back by security forces, the NNA reported.

Scattered protests also took place in the capital, Beirut, where a small number of protesters took to the streets and burned tires, AFP reported.

Lebanon has been assassinated since 2019 by an economic crisis, according to the World Bank, which will be among the worst financial crises in the world since the mid-19th century.

The collapse has sparked outrage against Lebanon’s political class, seen as sadly corrupt and unable to cope with the country’s many difficulties.

The dizzying depreciation of the pound occurs when the Eastern Mediterranean country faces a shortage of medicines and fuel that are imported in foreign currency.

The country has been without a functioning government since the massive Beirut explosion last year that killed more than 200 people and ravaged areas of the capital.

The government withdrew after the disaster, but a deeply divided political class has failed to agree on a new cabinet to replace it.

On Friday, the country’s interim government said it was shrinking Much needed fuel subsidies, provoking fears that the measure will lead to a sharp rise in the price of basic consumer goods.

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