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    Home»News»Lebanon News
    @HelouRasha
    2 Mins Read

    Enraged Protests Break Out Across Lebanon As Dollar Edges 7000 LBP

    By Souad LazkaniJune 11, 2020Updated:February 8, 2021
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    The Lebanese lira just reached its all-time low in the latest in dollar crisis that has been stifling the economy. Those who have taken to the streets are protesting the dollar reaching a reported 7000 LBP.

    In just one week, the dollar reached a record high surpassing 5000 LBP on the black market. Meanwhile, the official exchange rate at legal offices is set at 3,200 pounds.

    It's approaching 7,000 in some places now, yes. Earlier today it was just a small number of cases at that number, but things have been spiraling out of control.

    — Kareem Chehayeb | كريم شهيب (@chehayebk) June 11, 2020

    Protesters went down to the streets and closed roads across Lebanon to demonstrate the abrupt deprecation of the Lebanese lira.

    Nearly all businesses, shops, and supermarkets in Lebanon have closed their doors until further notice due to the currency crash.

    قطع طرق في مختلف المناطق اللبنانية احتجاجا على ارتفاع سعر الدولار وانهيار العملة .. وصمت رسمي قاتل #لبنان_ينتفض pic.twitter.com/UZs5i6R0La

    — Salman Andary (@salmanonline) June 11, 2020

    A source told The961 that he was at a supermarket when it suddenly stopped selling products except for one unit per item.

    “The prices were being raised right as people were shopping,” he said. “I literally saw the price of a soap bottle change just after a few minutes of passing by it the first time.”

    Businesses and shops are closed because of dollar crash and stupid lebanese people are making jokes about it!!! #دولار #ما_في_نوا

    — Joanna Khalil🇱🇧 (@JoannaKhalil4) June 11, 2020

    Meanwhile, the central bank governor Riad Salameh is saying that statements regarding the dollar exchange rate are merely rumors and “far from reality and completely untrue, which misleads citizens,” according to MTV News.

    ENOUGH IS ENOUGH WE NEED TO PROTEST WE CANT LIVE EVERYTHING IS EXPENSIVE!#دولار

    — btsmylife1 (@btsmylife111) June 11, 2020

    People are currently protesting, and have blocked numerous roads with burning tires. The protest has also taken to social media, with tweets of anger and also despair.

    Thinking about immigration more than any time because we arrived at level of tragedy #دولار

    — Leahibrahim5 (@Leahibrahim5) June 11, 2020

    The dollar in Lebanon is going crazy! The prices of goods will keep in increasing!
    How can poor families manage? Please support #TheSocialGrocery
    a sustainable business that sells essential goods for reduced prices to low income families. https://t.co/Rn8VibchYw#tripoli #دولار

    — Amy (@imansSpace) June 11, 2020

    If a government fee for using Whatsapp gave rise to one of Lebanon's biggest and longest protests, devaluing the Lebanese currency should lead to overhaul of the entire system!
    #دولار #لبنان_ينتفض

    — Elias Ghazal (@elias_ghazal) June 11, 2020
    Economic Crisis Lebanese Lira Lebanese Revolution (Thawra)
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