Coronavirus epidemic on the one hand, economic collapse on the other. While the Lebanese people were in the midst of a major crisis, the big bang in the capital Beirut months ago further deepened the crisis.
Things have gotten more complicated for the Lebanese government, which has been accused of corruption for a while. The Lebanese economy, on the other hand, is in collapse. The country’s currency has depreciated by more than 80 percent since October. Protests continue due to the economic crisis.
In Beirut, the capital of Lebanon, people protested because of the economic crisis in the country and the loss of 1/3 of the value of the Lebanese lira. Protesters closed many streets in the capital by burning tires, while closing many streets, including the Qasqas, Aicha Bakkar and Quraytem-Vardan highway and Hamra Street. At the same time, many tradesmen shut down in response to the rising prices and the depreciation of the Lebanese lira.
THE BUILDING LIVED BY THE MINISTER HAS BEEN PRESSED
Some of the protesters, who stated that the prices in the country were increasing due to the crisis, raided the building where Lebanese Communications Minister Talal Hawat lived and demanded the resignation of the government.
“3 PERCENT OF THE COUNTRY IS THIEF”
One of the protesters, Hüseyin Makieh, said, “Let them wake up now. Please have mercy on us, we beg you. Look at us, we are starving. We are dying. The middle class is gone. 3 percent of the country are thieves and they live like that.”
1 DOLLAR 15 THOUSAND LEBANON LIRA
In the statements made by stock exchange experts in Lebanon, the Lebanese lira was traded at about 15 thousand against the dollar and lost 1/3 of the value of the Lebanese lira in the last 2 weeks, when the economic and financial crisis of Lebanon broke out. It was stated that its value barely corresponded to 1 in 10. Banks in the country blocked access to dollar deposits. But Lebanese politicians have yet to initiate a rescue plan that could unlock foreign aid to the country.