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Lebanese Protesters Block Roads Over Economic Meltdown

Lebanese Protesters Block Roads Over Economic Meltdown

From: Algemeiner

Demonstrators, some of them burning tires, blocked roads across parts of Lebanon on Monday in protest at the country’s economic meltdown, days after the Lebanese pound sank to new lows.

Lebanon’s economic crisis, which erupted in 2019, has propelled more than three quarters of the population into poverty and the local currency has plummeted by over 90 percent.

The Lebanese pound sank to more than 25,000 against the dollar last week, from a peg in 2019 of 1,500.

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