Hundreds of Lebanese poured into the streets to protest the tumbling of the national currency to a new low against the dollar, blocking roads and highways across the country that had started slowly opening up after months of coronavirus restrictions.
An anti-government protester holds a placard in Arabic that reads "Soon $ 1=10000 Lebanese pounds, if you are not happy, immigrate," during a protest against the political leadership they blame for the economic and financial crisis, in front of the government house in downtown Beirut, Lebanon, Thursday, June 11, 2020.
Despite efforts to control the currency depreciation in recent weeks, the Lebanese pound tumbled to more than 6,000 to the dollar on Thursday, down from 4,000 on the black market in recent days. The pound had maintained a fixed rate of 1,500 to the dollar for nearly 30 years. By late Thursday, hundreds of protesters poured into the streets of the capital, Beirut, blocking main intersections in various districts. In Beirut, some demonstrators drove on motorcycles by the central bank while others gathered at the downtown center of the anti-government protests that had lasted for months before coronavirus restrictions prompted authorities to break up their encampment. Protesters gathered in the southern city of Nabatiyeh and other cities in Lebanon.
As numbers swelled, demonstrators directed their rage at financial institutions — some pelting private banks with rocks. Videos posted online showed protesters throwing stones at bank branches in the southern city of Nabatiyeh and in Tripoli and Akkar in northern Lebanon, breaking their glass exteriors. Fire raged in at least one empty branch of a private bank in downtown Beirut.
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