Lebanon protests escalate as currency dives


Hundreds of people have taken to the streets in cities across Lebanon amid escalating protests as the country faces a collapse in its currency. Anger has surged as the Lebanese pound tumbled to record lows, having lost 70% of its value since October when protests began. The prime minister has called an emergency cabinet meeting to discuss the economic crisis.

The protests paused during coronavirus lockdown, but recently resumed. The depreciation of the Lebanese pound has plunged the country into its worst economic crisis in decades. Many Lebanese citizens who rely on hard currency savings have fallen into poverty, their plight worsened by the pandemic.(BBC)…[+]