Hundreds of Lebanese gathered in cities across Lebanon Wednesday, protesting for a second straight day against the crippling depreciation of the local currency and soaring unemployment.
The Lebanese pound sunk to a new record low this week, trading at LL10,000 and sparking nationwide protests which blamed the ruling political elite for rampant corruption and mismanagement. Most dealers, though, stopped selling dollars. The pound hit a record low of LL9,800 last July.
In the southern port city of Sidon, angry protestors blocked early Wednesday a section of the highway linking Beirut to south Lebanon over deteriorating living conditions and the unchecked rise of the dollar.
Ali, a carpenter based in the southern city, said he had to shut down his business despite having a family of three.
“How can I feed my family now? I am forced to beg for money,” he told The Daily Star.
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Source: The Daily Star