Protests escalate in Lebanon as currency collapses

Friday, 12 June 2020 14:42

Protests in Lebanon have escalated as the country’s currency collapses.

People have taken to the streets in different parts of the country after the Lebanese pound lost 70 per cent of its value since October, which was when protests first began.

An emergency cabinet meeting will be held and has been organized by the prime minister in order to discuss the economic crisis.

Those dependent on hard currency savings have fallen into poverty, and reports suggest that their situation is only worsening as COVID-19 continues to impact the economy.

More from International News

Britain working with allies to support shipping through Strait of Hormuz

Britain is working with allies on a range of options to support commercial shipping through the Strait of Hormuz in the face of Iranian threats, Prime Minister Keir Starmer's spokesperson said on Tuesday as the U.S.-Israeli war with Iran roils oil prices.
Five Iranian women's soccer players granted humanitarian visas in Australia

Australia on Tuesday granted humanitarian visas to five Iranian women soccer players after they sought asylum, fearing persecution on their return home for their refusal to sing the national anthem at an Asia Cup match.
Almost 700,000 displaced after Israeli strikes on Lebanon, UN agencies say

The humanitarian crisis in Lebanon has deepened amid the wider Middle East war, with 84 children killed and more than 667,000 people displaced, two UN agencies said on Tuesday.
Iran fighting back but not stronger than U.S. thought, top U.S. general says

Iran is fighting back but is not tougher than the U.S. military expected before the war, the top U.S. general told reporters on Tuesday, as the Pentagon promised its most intense day of strikes in the 10-day-old conflict.