Demonstrators shut down major roads in parts of Beirut as they took to the streets to protest against the worsening economic crisis and the collapse of the Lebanese pound
The Lebanese pound lost more than 15 percent of its value on Tuesday alone, tanking to more than 140,000 pounds to the dollar. A week ago, the dollar was worth 100,000 pounds.
The country's economic meltdown, described by the World Bank as one of the worst in recent global history, has plunged most of the population into poverty according to the United Nations. "I used to make around $4,000, now my pension is worth $150," retired general Khaled Naous, 70, told AFP news agency.Security forces fired tear gas as some demonstrators tried to push through barriers to reach the Beirut compound that houses government offices, while other protesters hurled stones.
Lebanese banks have imposed draconian withdrawal restrictions since then, essentially locking depositors out of their life savings and infuriating Lebanese.
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