Protests grip Lebanon as currency tumbles to record low
Roads closed in Beirut and Sidon as Lebanon’s troubled currency nears 10,000/$ and political crisis deepens
02 March 2021 - 21:13
Beirut — Lebanon's pound tumbled on Tuesday towards 10,000 to the dollar, a record low for a currency battered by a financial meltdown that has fuelled poverty and unrest.
The collapse, on a scale Lebanon has never seen, has slashed about 85% of the currency's value in a country relying heavily on imports. Protesters blocked roads with burning tyres in central Beirut, on the road to the airport and near the city of Baalbek. Others shut down a foreign exchange bureau in the southern city of Sidon, local media said...
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