Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Lebanese protesters block roads over economic meltdown

Demonstrators block a road with burning tires during a protest on the back of the continuing deterioration of living conditions, in Beirut, Lebanon November 29, 2021. REUTERS/Mohamed Azakir

Demonstrators, some of them burning tyres, blocked roads across parts of Lebanon on Monday in protest at the country's economic meltdown, days after the Lebanese pound sank to new lows.

Lebanon's economic crisis, which erupted in 2019, has propelled more than three quarters of the population into poverty and the local currency has plummeted by over 90%.

The Lebanese pound sank to more than 25,000 against the dollar last week, from a peg in 2019 of 1,500.

People walk with a baby along a road blocked with burning tires during a protest on the back of the continuing deterioration of living conditions, in Beirut, Lebanon November 29, 2021. REUTERS/Mohamed Azakir

Roads were blocked by burning tyres in central Beirut, Tripoli in northern Lebanon and the southern city of Sidon.

There has been little progress since Prime Minister Najib Mikati's government was appointed in September after more than a year of political deadlock that compounded the crisis.

Mikati's government has been in paralysis since a row over the lead investigator into a fatal explosion at Beirut port last year flared during a cabinet meeting on Oct. 12. The cabinet has not met since then.

Lebanese army soldiers open a road that was blocked by demonstrators during a protest on the back of the continuing deterioration of living conditions, in Sidon, Lebanon November 29, 2021. REUTERS/Aziz Taher

Subsidies have been cut back on almost all goods including fuel and medicine, pushing up prices as basic services such as healthcare crumble.

The cabinet's main focus was on a revival of talks with the International Monetary Fund, needed to unlock foreign aid. But an agreement on vital financial figures, a requirement to start negotiations, has not been reached.

Lebanese army soldiers attempt to open a road that was blocked by demonstrators during a protest on the back of the continuing deterioration of living conditions, in Sidon, Lebanon November 29, 2021. REUTERS/Aziz Taher

(Reporting By Mohamed Azakir and Maha El Dahan, Editing by Timothy Heritage)

Demonstrators block a road with burning tires during a protest on the back of the continuing deterioration of living conditions, in Beirut, Lebanon November 29, 2021. REUTERS/Mohamed Azakir
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.