Protests held due to collapse of Lebanese lira

MENA

Published: 2023-01-25 17:51

Last Updated: 2024-03-28 01:41


Protests held due to collapse of Lebanese lira
Protests held due to collapse of Lebanese lira

Lebanese carried out a protest Wednesday in front of the Central Bank in Beirut, against the terrible living conditions, with the collapse of the Lebanese lira, as it touched the threshold of 56,000 pounds against the dollar on the black market, according to reports.

Roya's correspondent said that the protesters burned tires and closed off the main road on Hamra Street.

The correspondent added that members of the Lebanese army, to prevent the matter from getting worse, chanted slogans denouncing the governor of the Lebanese Central Bank, who is currently facing a series of lawsuits in Europe on charges of money laundering and embezzlement.

Since 2019, Lebanese banks have imposed strict restrictions on withdrawing deposits, which aroused the discontent of depositors because they were unable to withdraw their money, especially those deposited in dollars, or transfer it abroad.