Austin Indian Community - AustinIndian.com
| | | | | | | | | | | |
 


 

Protests break out across Lebanon against worsening living conditions, currency collapse

Lebanon,Politics

Author : Indo Asian News Service

International, Politics, National, Lebanon Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

Beirut, Nov 30 (IANS) Protests broke out across Lebanon against deteriorating living conditions and the collapse of the local currency, the National News Agency reported.

Protesters blocked roads in the capital Beirut, Tripoli, Sidon, Zahle and in Mount Lebanon on Monday with burning tires and waste containers, preventing citizens from reaching their workplaces and prompting some schools to shut their doors.

The nationwide protests came after the collapse of the local currency to 25,000 Lebanese pounds per US dollar as opposed to the old official rate of 1,500 pounds, Xinhua news agency reported.

Activists and civil society members on Sunday circulated messages on social media calling on citizens to join the protests.

Lebanon has been reeling under the worst financial crisis in its history with unemployment rate expected to rise above 40 per cent in 2021 and poverty rate estimated at 78 per cent by the United Nations.

The country has initiated talks with the International Monetary Fund in hopes of unlocking billions of dollars in funds to save its crippling economy.

--IANS

int/khz/


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

How Taha Shah Badussha auditioned for 15 months for his 'Heeramandi' role

To get the honour of leading New Zealand is a huge privilege, says Michael Bracewell ahead of T20Is v Pakistan

Nargis Fakhri as a child dreamt of becoming a vet and not an actor

Sayantani Ghosh opens up on playing a Rajasthani: 'Being Bengali I find it hard to pick up dialects'

Bhojpuri actress Akshara Singh enjoys autorickshaw ride to work