Lebanese blockade main roads demanding action over plunging pound

Protesters blockade main roads in Lebanon demanding action over plunging pound and dire economic hardships
2 min read
In Lebanon, the economic situation has deeply worsened and protestors are cutting the country's main roads to ask for political action
The protests came as Lebanon entered a new phase in easing up lockdown's restrictions [GETTY]

Demonstrators blocked key roads across Lebanon on Monday in protest at the country's political paralysis after the Lebanese pound hit record lows on the black market.

Black smoke billowed up from overturned rubbish dumpsters and tyres set ablaze by protesters at various entrances to Beirut from the early morning.

Lebanon is in the grips of its worst economic crisis in decades, compounded by the coronavirus pandemic.

The value of the Lebanese pound has plunged by more than 80 percent, sending pricing soaring with more than half the population now living below the poverty line.

"We've closed off all the roads today to tell everyone: it's over, we have nothing left to lose. We've even lost our dignity," said Pascale Nohra, a protester blocking the northern road into Beirut.

She said it was time to revive the mass cross-sectarian protests of late 2019 against the political class.

"We want everybody to show solidarity and come out on the street to demand their rights. The economic crisis touches all Lebanese and religious sects," said the former worker in real estate.

"We need to return to the streets and revive our revolution," she said.

The value of the local currency has hovered at an all-time high of nearly 11,000 pounds to the greenback on the black market in recent days, even though the official exchange rate remains 1,507.

Lebanese fear the government will soon lift food subsidies, after footage emerged showing fights breaking out over subsidised baby milk at a supermarket.

Mohammad Faour, a research fellow in banking and finance at University College Dublin, said the pound's ongoing free fall was "a mere continuation of a clear downward trend in the exchange rate since the very beginning of the crisis, and the concurrent policy inaction".

The protests came on the same day as Lebanon entered a new phase in easing up a lockdown to keep coronavirus infection rates in check.

Lebanon has been without a fully functioning government since a massive blast in Beirut last summer killed more than 200 people and ravaged swathes of the capital.

The government stepped down after the disaster, but a deeply divided political class has since failed to agree on a new cabinet to replace it.

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