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    Lebanon protests escalate as currency dives

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    Media captionIn , some of the protests turned violent

    Hundreds of people have taken to the streets in cities across amid escalating protests as the country faces a collapse in its currency.

    Anger has surged as the Lebanese pound tumbled to record lows, having lost 70% of its value since October when protests began.

    In response, the government announced a series of measures intended to stabilise the value of the currency.

    The protests paused during coronavirus lockdown, but recently resumed.

    The depreciation of the Lebanese pound has plunged the country into its worst economic crisis in decades.

    Many Lebanese citizens who rely on hard savings have fallen into poverty, their plight worsened by the pandemic.

    On Friday, Prime Minister Hassan Diab held an emergency cabinet meeting to discuss the crisis.

    Shortly after, the government announced that it would take steps to try and lower the exchange rate of the pound.

    President Michel Aoun said the central bank would begin injecting more US dollars into the market in a bid to curb the pound's freefall.

    In the northern of Tripoli, soldiers deployed to try to restore calm were pelted with rocks thrown by protesters. Petrol bombs were also hurled at banks, which have been blamed for Lebanon's financial troubles.

    Continue Reading This Article At BBC News

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