Protests in Lebanon over currency collapse, worsening living conditions
Protests broke out on Monday across Lebanon against deteriorating living conditions and collapse of the local currency, the National News Agency reported.
The protesters were said to have blocked roads in the capital Beirut, Tripoli, Sidon, Zahle and in Mount Lebanon with burning tires and waste containers.
The protests have prevented citizens from reaching their workplaces and prompting some schools to shut their doors.
The nationwide protests came after the collapse of the local currency to 25,000 Lebanese pounds per U.S. dollar as opposed to the old official rate of 1,500 pounds.
Meanwhile, activists and civil society members had a day earlier circulated messages on social media calling on citizens to join the protests.
Lebanon has been reeling under the worst financial crisis in its history with unemployment rate expected to rise above 40 per cent in 2021 and poverty rate estimated at 78 per cent by the United Nations.
The country had initiated talks with the International Monetary Fund in hopes of unlocking billions of dollars in funds to save its crippling economy.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Buhari regime assures Nigeria Air will fly before May 29
Mr Sirika said the national carrier would create numerous jobs and better opportunities in the industry when fully established.
Court sentences four to death by hanging for kidnapping, armed robbery
Justice Lateef Lawal-Akapo held that the prosecution proved the charges of conspiracy, robbery and kidnapping against the convicts beyond all reasonable doubt.
Naira weakens further at I&E window, exchanges at 469.50 per dollar
The rate represented a decrease of 0.04 per cent compared to the N461.50 for which it exchanged to the dollar on Wednesday.
PDP names caretaker committee for Katsina chapter after sacking SWC
Mr Ologunagba said that the committee was expected to run the affairs of the party in the state for a period not exceeding 90 days.
My suspension is Ayu’s “last kick of a dead horse”: Fayose
He said in a matter of days, the “inglorious tenure” of Mr Ayu as national chairman of PDP will become history and the party will enjoy a new lease of life.
Keyamo: Oby Ezekwesili warns Buhari regime against arresting Obi, Datti
Mrs Ezekwesili warned the Buhari regime and SSS against actioning Mr Keyamo’s “foolish ideas.”