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Lebanese protesters blocked several roads around the capital of Beirut and in other areas of the country on Tuesday in renewed rallies against the ruling elite they say has failed to address the economys downward spiral.
Protesters burned tires and blocked three main highways leading to the capital from the south, east and north, bringing traffic to a standstill. School and university students took part in some of the protests and hundreds marched down main highways, raising Lebanese flags and blasting rallying songs through loudspeakers.
In downtown Beirut, dozens rallied outside the Central Bank, chanting against the governor and his financial policies. Security forces separated the protesters from the banks entrance.
In the northern city of Tripoli and in Akkar province, protesters sat in the streets and blocked several roads with burning tires or bricks. In the southern city of Sidon, dozens of protesters marched down the streets, rallying outside banks and government offices.
Lebanon is facing its worst economic crisis in decades, with the local currency plummeting before the dollar, losing over 60 percent of its value over the last weeks while sources of foreign currency have dried up. Meanwhile, banks have imposed informal capital controls limiting withdrawal of dollars and foreign transfers in the country, which relies heavily on imports of basic goods.
Panic has set in among residents who fear their deposits are in danger. Nationwide protests for three months have failed to pressure politicians to form a new government to institute drastic reforms.
The protesters returned to the streets after several weeks of relative calm, following the designation of Hassan Diab as prime minister in mid-December. But he has so far faileRead More – Source