Home of Lisa's Top Ten, the daily email that brings you the world.
The first task of the day

Sign Up for Lisa's Top Ten


Protesters Block Lebanon’s Roads to Protest Economic Crash, Soaring Prices

The Lebanese pound, which was freely exchanged in shops and banks at 1,500 to the dollar until the crisis erupted in 2019, has crumbled and was trading on the unofficial market on Thursday at about 31,500.
Protesters block Lebanon's roads to protest economic crash, soaring prices
Lebanese army soldiers deploy in an attempt to open a road blocked by drivers during a protest against spiralling petrol prices and worsening economic conditions, in Sidon, Lebanon January 13, 2022. REUTERS/Aziz Taher


Lebanese truck and bus drivers and others blocked main roads in the capital and other areas on Thursday in protest at the failure of politicians to address an economic crisis that has sent the currency into tailspin and driven prices sky high.

Lebanon's pound has collapsed since 2019 when the economy crumpled under a mountain of debt. Yet a cabinet formed in September with a promise to start fixing the economy has not met for three months as rivals argue about the conduct of a probe into the devastating 2020 Beirut port blast.

"I tell everyone that if there is a protest or demonstration against this situation, go to the street. If we wait for our leaders or parties, no one will care," said Mohamed al-Muqdad, 58, at a demonstration at a main intersection in a Beirut suburb.

"I want any official - the president, the prime minister, the speaker of parliament - to try to live for one day with the salary of a poor worker. Let's see how they will do it," he said as dozens of trucks blocked traffic.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts